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The Salvage of Ideas: Schumpeter and the Core Problems Still Confronting Economics

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  • P. Wynarczyk

Abstract

Two aspects of Schumpeter' legacy are analyzed in the article. On the one hand, he can be viewed as the custodian of the neoclassical harvest supplementing to its stock of inherited knowledge. On the other hand, the innovative character of his works is emphasized that allows to consider him a proponent of hetherodoxy. It is stressed that Schumpeter's revolutionary challenge can lead to radical changes in modern economics.

Suggested Citation

  • P. Wynarczyk, 2003. "The Salvage of Ideas: Schumpeter and the Core Problems Still Confronting Economics," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 11.
    • Handle: RePEc:nos:voprec:y:2003:id:2102
    DOI: 10.32609/0042-8736-2003-11-15-26
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