Does Schumpeter still rule? Reflections on the current epoch

Rob Dekkers, Steve Talbot, Julie Thomson, Geoffrey Whittam

    Research output: Contribution to journalArticlepeer-review

    Abstract

    This paper, exploratory by nature, raises a fundamental question regarding the relevance of Schumpeter and Schumpeterian Thought in our contemporary economy. This is done by arguing that in reading Schumpeter, we distinguish between an ‘Early’ and a ‘Later’ Schumpeter. By analyzing contemporary developments in innovation at both the firm cluster and the systems level we demonstrate how Schumpeter’s analysis is indeed still relevant. What is argued, however, is that we can observe a merging of the ‘two phases’ of Schumpeterian thought with individual businesses seeking collaboration and partnership for the entrepreneurial spark and management of the innovation process.
    Original languageEnglish
    Article number13.1
    Pages (from-to)7-36
    Number of pages30
    JournalJournal of Innovation, Economics & Management
    Volume13
    Issue number1
    DOIs
    Publication statusPublished - 2014

    Keywords

    • economic crisis
    • recession
    • Schumpeter
    • 20th century

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