Schumpeter and Steindl on growth and the transformation to maturity in capitalism
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Open access
Authors
Bloch, Harry
Finch, J.
Date
2008Type
Journal Article
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Bloch, Harry and Finch, John. 2008. Schumpeter and Steindl on growth and the transformation to maturity in capitalism. History of Economics Review. 47 (Winter, 2008): pp. 1-19.
Source Title
History of Economics Review
ISSN
Faculty
Curtin Business School
School of Economics and Finance
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Abstract
Joseph Schumpeter and Josef Steindl provide distinctive contributions to the analysis of growth and development under capitalism. They each analyse the evolution of competition and use this analysis to determine the growth prospects of mature capitalism. Both reach pessimistic conclusions, although for different reasons. This paper critically examines the analysis of each author and makes suggestions for building on their work to provide a richer theory of economic growth and transformation within advanced capitalist economies.
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