Joseph Schumpeter's theories of entrepreneurship andeconomic development are revisited. The first section expands on Schumpeter'sidea of the symbiotic relationship between the dynamic entrepreneur and thestatic economic system. The second section examines the interplay betweenindividual action...

Although area of economics associated with economic evolution has become established during the last couple of decades, its objectives and potentials can most easily be understood on the background of the work of Joseph A. Schumpeter. The fundamental objective of evolutionary economics is to...

In this review, we argue that the Schumpeterian growth paradigm, which models growth as resulting from innovations involving creative destruction, sheds light on several aspects of the growth process that cannot be properly addressed by alternative theories. We focus on three important aspects...