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Teaching and learning Schumpeter: A dialogue between professor and student

Author

Listed:
  • John T. Dalton

    (Wake Forest University)

  • Andrew J. Logan

    (Wake Forest University)

Abstract

Joseph Schumpeter’s contributions to economics, including theories about innovation and entrepreneurship, creative destruction, and the debate over capitalism versus socialism, all remain relevant today. There is evidence, however, that Schumpeter’s ideas have long received less attention in the classroom than they deserve given the importance economists attach to them. This paper provides a description of a discussion-based course on Schumpeter. Using a dialogue between professor and student before, during, and after the course, we describe the structure of the course and specific details related to content. We also include a syllabus, sources for class materials, and a list of over forty discussion questions. The dialogue allows us to show the dynamic nature of a discussion-based class, something we think Schumpeter would approve.

Suggested Citation

  • John T. Dalton & Andrew J. Logan, 2022. "Teaching and learning Schumpeter: A dialogue between professor and student," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 35(2), pages 235-256, June.
    • Handle: RePEc:kap:revaec:v:35:y:2022:i:2:d:10.1007_s11138-020-00514-9
    DOI: 10.1007/s11138-020-00514-9
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    1. John T. Dalton & Lillian R. Gaeto, 2022. "Schumpeter vs. Keynes redux: “Still not dead”," Southern Economic Journal, John Wiley & Sons, vol. 89(2), pages 569-592, October.
    2. Robert J. Gordon, 2016. "The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War," Economics Books, Princeton University Press, edition 1, number 10544.
    3. Diamond, Arthur M., 2009. "Schumpeter Vs. Keynes: “In The Long Run Not All Of Us Are Dead”," Journal of the History of Economic Thought, Cambridge University Press, vol. 31(4), pages 531-541, December.
    4. Barbara J. Phipps & Robert J. Strom & William J. Baumol, 2012. "Principles of Economics Without the Prince of Denmark," The Journal of Economic Education, Taylor & Francis Journals, vol. 43(1), pages 58-71, January.
    5. Michael Watts & Georg Schaur, 2011. "Teaching and Assessment Methods in Undergraduate Economics: A Fourth National Quinquennial Survey," The Journal of Economic Education, Taylor & Francis Journals, vol. 42(3), pages 294-309, July.
    6. Arthur M. Diamond, Jr., 2009. "Using Video Clips to Teach Creative Destruction," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 25(Fall 2009), pages 151-161.
    7. Aghion, Philippe & Akcigit, Ufuk & Howitt, Peter, 2014. "What Do We Learn From Schumpeterian Growth Theory?," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 0, pages 515-563, Elsevier.
    8. James Gwartney, 2012. "What Should We Be Teaching in Basic Economics Courses?," The Journal of Economic Education, Taylor & Francis Journals, vol. 43(3), pages 300-307, July.
    9. Philippe Aghion & Steven Durlauf (ed.), 2014. "Handbook of Economic Growth," Handbook of Economic Growth, Elsevier, edition 1, volume 2, number 2.
    10. Simonson, G. R., 1964. "Missiles and Creative Destruction in the American Aircraft Industry, 1956–19611," Business History Review, Cambridge University Press, vol. 38(3), pages 302-314, October.
    11. Arthur M. Diamond Jr., 2007. "The Neglect of Creative Destruction in Micro-Principles Texts," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 15(1), pages 197-210.
    12. Elizabeth J. Jensen & Ann L. Owen, 2003. "Appealing to Good Students in Introductory Economics," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(4), pages 299-325, December.
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    Cited by:

    1. John T. Dalton & Lillian R. Gaeto, 2022. "Schumpeter vs. Keynes redux: “Still not dead”," Southern Economic Journal, John Wiley & Sons, vol. 89(2), pages 569-592, October.
    2. Dalton, John & Logan, Andrew, 2019. "A Vision for a Dynamic World: Reading Capitalism, Socialism and Democracy for Today," MPRA Paper 95012, University Library of Munich, Germany.
    3. John T. Dalton & Andrew J. Logan, 2020. "Using the movie Joy to teach innovation and entrepreneurship," The Journal of Economic Education, Taylor & Francis Journals, vol. 51(3-4), pages 287-296, August.
    4. Dalton, John T. & Logan, Andrew J., 2022. "The Man Who Discovered Capitalism: A documentary on Schumpeter for use in the classroom," International Review of Economics Education, Elsevier, vol. 41(C).

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    More about this item

    Keywords

    Joseph Schumpeter; Innovation; Entrepreneurship; Creative destruction; Education;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • P00 - Political Economy and Comparative Economic Systems - - General - - - General
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General

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