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Development

Joseph A. Schumpeter^1,2; Hans Ulrich Esslinger; Ulrich Hedtke³

¹ University of Southern Denmark · ² Bureau d'Economie Théorique et Appliquée · ³ Berlin-Brandenburg Academy of Sciences and Humanities

The present article introduces Development, a new, unpublished and hitherto unknown article by Joseph A. Schumpeter from 1932. Development is remarkable because it significantly adds to Schumpeter's known works on a number of issues that were central to his theory of economic development. Development shows that Schumpeter considered the explanation of novelty as the most important unsolved scientific problem. Schumpeter doubts the explanatory value of entrepreneurship and indicates that theoretical advances might be forthcoming that can help a better understanding of the social dynamics which gives rise to novelty.

DOI

10.1257/0022051053737825

Volume

43 (1)

Pages

108-120

Language

en

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