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Schumpeter, Hegel and the vision of development

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  • Renee Prendergast

Abstract

This paper suggests that the intellectual origins of the vision underlying Schumpeter's evolving theory of economic development can in significant measure be traced to Hegel. Like Hegel, Schumpeter identified two essential moments in history--the preservation of the existing order or 'circular flow', on the one hand, and its destruction and replacement by a new order or 'development', on the other. Like Hegel, Schumpeter saw change being effected by individuals who grasped what was essentially new and developing in the particular historical circumstances of their own age. Copyright 2006, Oxford University Press.

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  • Renee Prendergast, 2006. "Schumpeter, Hegel and the vision of development," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(2), pages 253-275, March.
    • Handle: RePEc:oup:cambje:v:30:y:2006:i:2:p:253-275
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    File URL: http://hdl.handle.net/10.1093/cje/bei052
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    Cited by:

    1. Panayotis G. Michaelides & Kostas Theologou, 2010. "Tarde's influence on Schumpeter: technology and social evolution," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 37(5), pages 361-373, April.
    2. Michaelides, Panayotis G. & Theologou, Kostas, 2009. "Joseph Schumpeter and Gabriel Tarde on Technological Change and Social Evolution," MPRA Paper 67189, University Library of Munich, Germany.

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