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The Theoretical Bases of Economic Policy: The Schumpeterian Perspective

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  • Stolper, W F

Abstract

The central role of economic policy in an evolutionary environment is stressed. Based on a Schumpeterian view the theoretical foundations of such a policy are discussed. This investigation leads to the result that not general rules satisfying and maintaining equilibrium are required but a constant watchfulness, reaction, and, if possible, anticipation of what happens in the economy.

Suggested Citation

  • Stolper, W F, 1991. "The Theoretical Bases of Economic Policy: The Schumpeterian Perspective," Journal of Evolutionary Economics, Springer, vol. 1(3), pages 189-205, July.
    • Handle: RePEc:spr:joevec:v:1:y:1991:i:3:p:189-205
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    Cited by:

    1. Ebner, Alexander, 2006. "Institutions, entrepreneurship, and the rationale of government: An outline of the Schumpeterian theory of the state," Journal of Economic Behavior & Organization, Elsevier, vol. 59(4), pages 497-515, April.
    2. Agnès Festré & Odile Lakomski-Laguerre & Stéphane Longuet, 2017. "Schumpeter and Schumpeterians on economic policy issues: re-reading Schumpeter through the lens of institutional and behavioral economics. An introduction to the special issue," Journal of Evolutionary Economics, Springer, vol. 27(1), pages 3-24, January.
    3. Markus C. Becker & Thorbjørn Knudsen, 2017. "Heterogeneity of habits as a foundation for Schumpeterian economic policy," Journal of Evolutionary Economics, Springer, vol. 27(1), pages 43-62, January.

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