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Money, growth, and welfare in a Schumpeterian model with the spirit of capitalism

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Money, growth, and welfare in a Schumpeterian model with the spirit of capitalism

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Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism

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According to Schumpeter (1934), entrepreneurs are driven to innovate not for the fruits of success but for success itself. This description of entrepreneurship echoes Weber’s (1958 ) description of the “spirit of capitalism,” which states that people enjoy the accumulation of wealth...

Persistent link: https://www.econbiz.de/10014090822