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The Broken Thread: Marshall, Schumpeter and Hayek on the Evolution of Capitalism

In: Marshall and Schumpeter on Evolution

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  • J.S. Metcalfe

Abstract

This unique and original work contends that, despite the differences between Marshallian and Schumpeterian thinking, they both present formidable challenges to a broad type of social science beyond economics, particularly under the influence of the German historical school. In a departure from the received view on the nature of the works of Marshall and Schumpeter, the contributors explore their themes in terms of an evolutionary vision and method of evolution; social science and evolution; conceptions of evolution; and evolution and capitalism.

Suggested Citation

  • J.S. Metcalfe, 2009. "The Broken Thread: Marshall, Schumpeter and Hayek on the Evolution of Capitalism," Chapters, in: Yuichi Shionoya & Tamotsu Nishizawa (ed.), Marshall and Schumpeter on Evolution, chapter 6, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13083_6
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    Keywords

    Economics and Finance;

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