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Kornai, Schumpeter, and Economic Theory

https://doi.org/10.32609/0042-8736-2012-8-145-152

Abstract

The author claims that J. Kornai in his paper Innovation and Dynamism (Voprosy Ekonomiki. 2012. No 4) ignored the understanding of socialism as a specific type of culture and not just as an economic system. He also shows profound differences between Schumpeters theory and mainstream economic models. Evolutionary theory, he claims, may itself become mainstream if Schumpeters legacy is not interpreted straightforwardly and if evolutionary economists consider not only micro-, but also macro-level of analysis in studying macrogenerations of capital of a different age.

About the Author

V. Maevsky
Center for Macroeconomic Strategy, Institute of Economics, RAS (Moscow, Russia)
Russian Federation


References

1. Kornai J. (2012). Innovations and Dynamism. Interaction between Systems and Technical Progress // Voprosy Ekonomiki. No 4. P. 4—31.

2. Kay J. (2012). The Map is not the Territory. An Essay on the State of Economics // Voprosy Ekonomiki. No 5. P. 4—13.

3. Mayevsky V. (2001). Evolutionary Economics and Technological Change // Voprosy Ekonomiki. No 11. P. 4—16.

4. Mayevsky V., Malkov S. (2011). Reswitching Regime of Reproduction. Moscow: Institute of Economics RAS.

5. Nelson R., Winter S. (2000). Evolutionary Theory of Economic Change. Moscow: Finstatinform.

6. Schumpeter J. (1995). Capitalism, Socialism, and Democracy. Moscow: Ekonomika.

7. Schumpeter J. (2007). Theory of Economic Development. Capitalism, Socialism, and Democracy. Moscow: Eksmo.

8. Baumol W. J. (2004). Red-Queen Games: Arms Races, Rule of Law and Market Economies // Journal of Evolutionary Economics. Vol. 14, No 2. P. 237-247.

9. Baumol W. J., Blinder A.S. (2009). Economics: Principles and Policy. Mason, Ohio: South-Western Cengage Learning.

10. Metcalfe J. S. (2002). Knowledge of Growth and Growth of Knowledge // Journal of Evolutionary Economics. Vol. 12, No 1-2. P. 3-15.


Review

For citations:


Maevsky V. Kornai, Schumpeter, and Economic Theory. Voprosy Ekonomiki. 2012;(8):145-152. (In Russ.) https://doi.org/10.32609/0042-8736-2012-8-145-152

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ISSN 0042-8736 (Print)