Joseph Schumpeter and Neo-Classical Economics Comparison Essay by Master Researcher
Joseph Schumpeter and Neo-Classical Economics
Explains Joseph Schumpeter's economic theories and the neo-classical view of economics and then contrasts the two theories.
# 32207
| 3,400 words
| 4 sources
| 2002
|

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Description:
Schumpeter's economic theories as they are outlined in "Capitalism, Democracy and Socialism" differ significantly from the neo-classical view of economics. The neo-classical view is outlined-with reference to Adam Smith as a representative neo-classical economist--and contrasted with Schumpeter's theories. Schumpeter's absorption of Marxism, his views on markets and monopolies, and his ruminations on the future of capitalism are highlighted and contrasted with the neo-classical paradigm.
Cite this Comparison Essay:
APA Format
Joseph Schumpeter and Neo-Classical Economics (2003, September 28)
Retrieved February 07, 2023, from https://www.academon.com/comparison-essay/joseph-schumpeter-and-neo-classical-economics-32207/
MLA Format
"Joseph Schumpeter and Neo-Classical Economics" 28 September 2003.
Web. 07 February. 2023. <https://www.academon.com/comparison-essay/joseph-schumpeter-and-neo-classical-economics-32207/>