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(2001) Capitalism and democracy in the 21st century, Heidelberg, Physica.
The paper explores the contributions of Joseph Schumpeter and Albert Hirschman to our understanding of the dynamics of modern democratic capitalist economies and suggests that much of their respective work displays intellectual overlap and complementarity. It is primarily focused upon the role of economic and political processes as forces of change and adjustment and the necessary degree of built-in inertia required to permit orderly rather than chaotic responses.
Publication details
DOI: 10.1007/978-3-662-11287-8_17
Full citation:
Wynarczyk, P. (2001)., Convergences with Schumpeter: an essay Hirschman has yet to write, in D. C. Mueller & U. Cantner (eds.), Capitalism and democracy in the 21st century, Heidelberg, Physica, pp. 335-347.
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