Kornai, Schumpeter, and Economic Theory

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 Schumpeter’s theory and mainstream economic models. Evolutionary theory, he claims, may itself become mainstream if Schumpeter’s 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.