This article sheds light on the impact of Schumpeter’s Theory of Economic Development over the last 100 years, and identifies insights from that work that are less well-known, but that have the potential for informing current developments in evolutionary economics. We identify these insights...

Joseph Schumpeter is seen as the foremost theoretician of entrepreneurship. In addition, Schumpeter, whose "creative destruction" is as famous as Milton Friedman's "there is no free lunch," is increasingly recognized as a major economist, often given the same stature as John Maynard Keynes....

The theory of economic development (1934) : the fundamental phenomenon of economic development -- The theory of economic development (1911) : the fundamental phenomenon of economic development -- The theory of economic development (1911) : the view of the economy as a whole -- Entrepreneur...