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Schumpeter’s conceptions of process and order

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  • Mário Graça Moura

Abstract

This article scrutinises the conceptions of process and order present in Schumpeter’s substantive writings. To facilitate a detailed understanding of his position, his work is examined from different angles, in three successive ‘approximations’. The coherence, or mismatch, of Schumpeter’s conceptions is subsequently discussed. The article argues that Schumpeter’s essay on social classes provides an ontologically grounded theory of process which is also a theory of reproduced order and that this theory does not fit well with Schumpeter’s alternative conception of order as equilibrium. His methodological commitment to an orthodox notion of order as equilibrium is shown to be the source of pervasive tensions in his writings, here classified as ‘retroductive problems’ and ‘spurious problems’.

Suggested Citation

  • Mário Graça Moura, 2015. "Schumpeter’s conceptions of process and order," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(4), pages 1129-1148.
    • Handle: RePEc:oup:cambje:v:39:y:2015:i:4:p:1129-1148.
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    File URL: http://hdl.handle.net/10.1093/cje/beu081
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    Cited by:

    1. Remy Guichardaz & Julien Pénin, 2021. "Entrepreneurs “from within”? Schumpeter and the challenge of endogenizing novelty," Working Papers of BETA 2021-41, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Mário Graça Moura, 2017. "Schumpeter and the meanings of rationality," Journal of Evolutionary Economics, Springer, vol. 27(1), pages 115-138, January.
    3. Stefano Lucarelli & Alfonso Giuliani & Hervé Baron, 2019. "The past and future of the social sciences. A Schumpeterian theory of scientific development?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 43(6), pages 1701-1722.
    4. Callegari, Beniamino & Nybakk, Erlend, 2022. "Schumpeterian theory and research on forestry innovation and entrepreneurship: The state of the art, issues and an agenda," Forest Policy and Economics, Elsevier, vol. 138(C).
    5. Beniamino Callegari & Christophe Feder, 2022. "Entrepreneurship and the systemic consequences of epidemics: A literature review and emerging model," International Entrepreneurship and Management Journal, Springer, vol. 18(4), pages 1653-1684, December.

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