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Schumpeter and Steindl on the dynamics of competition

Author

Listed:
  • Harry Bloch

    (School of Economics and Finance, Curtin University of Technology, GPO Box U 1987, Perth 6845, Australia)

Abstract

This paper compares and contrasts the contributions of Joseph Alois Schumpeter and Josef Steindl to the competitive paradigm. Both reject the static nature of traditional profit maximizing analysis and the analytical device of a representative firm. Instead they both opt for a dynamic framework in which there is a key role for innovation. Differences emerge in terms of the characteristics of individual firms that nurture the competitive struggle and are responsible for technical change.

Suggested Citation

  • Harry Bloch, 2000. "Schumpeter and Steindl on the dynamics of competition," Journal of Evolutionary Economics, Springer, vol. 10(3), pages 343-353.
    • Handle: RePEc:spr:joevec:v:10:y:2000:i:3:p:343-353
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    Citations

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    Cited by:

    1. Harry Bloch, 2006. "Steindl On Imperfect Competition: The Role Of Technical Change," Metroeconomica, Wiley Blackwell, vol. 57(3), pages 286-302, July.
    2. Harry Bloch & Stan Metcalfe, 2018. "Innovation, creative destruction, and price theory," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(1), pages 1-13.
    3. ., 2013. "Schumpeter and the dynamics of capitalism: the driving force of business innovation," Chapters, in: Competition, Diversity and Economic Performance, chapter 4, pages 67-82, Edward Elgar Publishing.

    More about this item

    Keywords

    Schumpeter - Steindl - Technological change - Innovation - Competitive process;

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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