IDEAS home Printed from https://ideas.repec.org/a/oup/qjecon/v95y1980i1p45-68..html
   My bibliography  Save this article

Marx and Schumpeter on Capitalism's Creative Destruction: A Comparative Restatement

Author

Listed:
  • John E. Elliott

Abstract

Despite well-known differences, the respective visions of capitalism's future by Marx and Schumpeter show striking and neglected similarities. This is illustrated, first, by their strong focus upon capitalism's progressive and creative properties; second, by their analyses of capitalism's dysfunctional properties; and third, by their respective analyses of the creatively destructive character of institutional and attitudinal change in advanced capitalism.

Suggested Citation

  • John E. Elliott, 1980. "Marx and Schumpeter on Capitalism's Creative Destruction: A Comparative Restatement," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(1), pages 45-68.
    • Handle: RePEc:oup:qjecon:v:95:y:1980:i:1:p:45-68.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1885348
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jon Wisman, 2001. "Creative destruction and labor's options," Forum for Social Economics, Springer;The Association for Social Economics, vol. 30(2), pages 51-76, March.
    2. Michaelides, Panayotis G. & Milios, John G., 2004. "Hilferding's Influence on Schumpeter : A First Discussion," MPRA Paper 74462, University Library of Munich, Germany.
    3. Brancaccio, Emiliano & Giammetti, Raffaele & Lopreite, Milena & Puliga, Michelangelo, 2019. "Monetary policy, crisis and capital centralization in corporate ownership and control networks: A B-Var analysis," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 55-66.
    4. Panayotis G. Michaelides & John G. Milios & Angelos Vouldis & Spyros Lapatsioras, 2010. "Heterodox influences on Schumpeter," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 37(3), pages 197-213, February.
    5. Robert W. Dimand, 2012. "The Roots of the Present are in the Past: The Relation of Postwar Developments in Macroeconomics to Interwar Business Cycle and Monetary Theory," Chapters, in: Thomas Cate (ed.), Keynes’s General Theory, chapter 5, Edward Elgar Publishing.
    6. Hüseyin Özel, 2018. "Four Horsemen of The Apocalypse: Marx, Weber, Schumpeter, and Polany," Yildiz Social Science Review, Yildiz Technical University, vol. 4(2), pages 111-124.
    7. Christian Schubert, 2009. "Welfare Creation and Destruction in a Schumpeterian World," Papers on Economics and Evolution 2009-14, Philipps University Marburg, Department of Geography.
    8. Holm-Detlev Köhler, 2008. "Profit and Innovation Strategies in Low-Tech Firms," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 26, pages 73-88, Julio.
    9. Panayotis Michaelides & John Milios, 2015. "The Schumpeter–Hilferding Nexus," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 133-145, January.
    10. Brancaccio, Emiliano & Giammetti, Raffaele & Lopreite, Milena & Puliga, Michelangelo, 2018. "Centralization of capital and financial crisis: A global network analysis of corporate control," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 94-104.
    11. Archibugi, Daniele, 2017. "Blade Runner economics: Will innovation lead the economic recovery?," Research Policy, Elsevier, vol. 46(3), pages 535-543.
    12. Letycja Sołoducho-Pelc & Adam Sulich, 2020. "Between Sustainable and Temporary Competitive Advantages in the Unstable Business Environment," Sustainability, MDPI, vol. 12(21), pages 1-16, October.
    13. Wang, Lipeng & Zhang, Mengyu & Verousis, Thanos, 2021. "The road to economic recovery: Pandemics and innovation," International Review of Financial Analysis, Elsevier, vol. 75(C).
    14. Xavier Ferrás-Hernández & Albert Armisen-Morell & Anna Sabata-Alberich & Elisenda Tarrats-Pons & Núria Arimany-Serrat, 2019. "The New Manufacturing: In Search of the Origins of the Next Generation Manufacturing Start-Ups," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 16(02), pages 1-18, April.
    15. Emiliano Brancaccio, 2023. "Centralizzazione del capitale, guerra e pace (Centralization of capital, war and peace)," Moneta e Credito, Economia civile, vol. 76(304), pages 339-356.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:qjecon:v:95:y:1980:i:1:p:45-68.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/qje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.