Skip Navigation


Cambridge Journal of Economics Advance Access originally published online on June 6, 2005
Cambridge Journal of Economics 2006 30(2):253-275; doi:10.1093/cje/bei052
This Article
Right arrow Full Text
Right arrow Full Text (PDF)
Right arrow All Versions of this Article:
30/2/253    most recent
bei052v1
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Prendergast, R.
Right arrow Search for Related Content
Related Collections
Right arrow B30 - General
Right arrow O10 - General
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© The Author 2005. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Article

Schumpeter, Hegel and the vision of development

Renee Prendergast*

* School of Management and Economics, Queen's University Belfast, BT7 1NN, UK

Address for correspondence: School of Management and Economics, Queen's University Belfast, BT7 1NN. This paper has benefited greatly from the input of an anonymous referee of this journal who has commented assiduously on several drafts.

Abstract

This paper suggests that the intellectual origins of the vision underlying Schumpeter's evolving theory of economic development can in significant measure be traced to Hegel. Like Hegel, Schumpeter identified two essential moments in history—the preservation of the existing order or ‘circular flow’, on the one hand, and its destruction and replacement by a new order or ‘development’, on the other. Like Hegel, Schumpeter saw change being effected by individuals who grasped what was essentially new and developing in the particular historical circumstances of their own age.

Key Words: Schumpeter • Hegel • Development • Leadership • Vision

JEL classifications: B3, O1

Manuscript received August 4, 1997; final version received March 16, 2004.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.