Schumpeter and Schumpeterians on economic policy issues: re-reading Schumpeter through the lens of institutional and behavioral economics. An introduction to the special issue

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• 作者：Agnès Festré ; Odile Lakomski-Laguerre…
• 关键词：Schumpeter ; Institutional economics ; Behavioral economics ; Innovation ; Economic policy
• 刊名：Journal of Evolutionary Economics
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：27
• 期：1
• 页码：3-24
• 全文大小：
• 刊物主题：Institutional/Evolutionary Economics; Economic Theory/Quantitative Economics/Mathematical Methods; Microeconomics; Economic Growth; R & D/Technology Policy; Entrepreneurship;
• 出版者：Springer Berlin Heidelberg
• ISSN：1432-1386
• 卷排序：27

文摘

We develop a critical interpretation of Schumpeter’s thinking that allows two alternative ‘operationalizations’ of his theoretical approach to economic development and institutions. We show that they are compatible with the two dominant neo-Schumpeterian economic dynamics approaches - one focused on the national economic and institutional conditions required for a commitment to an innovation based strategy for competing at the world technology frontier, and one that combines Schumpeter’s insights on technological change with Keynesian policies supporting demand for consumer goods and investment in the context of radical uncertainty and heterogeneous behavior. The implications for policy of these two perspectives are discussed in relation to Schumpeter’s ambiguous stance on economic policy issues. Finally, based on an articulation of institutions and individual behavior in light of recent developments in behavioral economics, we provide some implications for new perspectives on economic policy.