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Capitalismo, desarrollo y Estado. Una revisión crítica de la teoría del Estado de Schumpeter

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  • Diego Sánchez-Ancochea

    (University of London)

Abstract

Current theories of the State would benefit from a new look at the economic role of the State in the work of the great economists of the 19th and 20th Centuries. Schumpeter’s central theme of technological innovation for long-term economic growth makes his work particularly interesting to development economics. However, Schumpeter’s rejection of the State’s role in income redistribution is too simplistic and contradictory. Structural change may enhance the prospects for long-term growth, but also creates social and economic disruptions. This paper explores this basic contradiction and briefly discusses the application of Schumpeter’s theory of the State to new industrializing countries in East Asia and Latin America.

Suggested Citation

  • Diego Sánchez-Ancochea, 2005. "Capitalismo, desarrollo y Estado. Una revisión crítica de la teoría del Estado de Schumpeter," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 7(13), pages 81-100, July-Dece.
    • Handle: RePEc:rei:ecoins:v:7:y:2005:i:13:p:81-100
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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/dsanchez13.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Schumpeter; economic policy; technological innovation; income distribution; new industrialized countries;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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