Capitalism and Democracy in the 21st Century

by International Schumpeter Society Meeting (1998 Vienna, Austria); Cantner, Uwe

• ISBN13: 9783790813500
• ISBN10: 3790813508
• Format: Hardcover
• Copyright: 2000-12-01
• Publisher: Physica Verlag

Summary

The collected papers in this volume are all concerned either in a direct sense or in a more wider perspective with the work of Joseph A. Schumpeter. Looking at Schumpeter's work, his lasting influence on important areas of research can be identified. One of these areas is obviously Schumpeter's idea about the future capitalism, a second one the issue of innovation and its consequences for economic development. A third area is concerned with the political process and the role of political leadership. The collection of this volume is developed along these main lines, complemented by papers discussing the place of Schumpeter's work within the history of economic analysis.

Table of Contents

Editorial	1
Democracy and capitalism: Are they compatible in the long-run?	9
Bernholz P
Capitalism and democracy in the 21st century: from the managed to the entrepreneurial economy	23
Audretsch DB
Thurik AR
Capitalism and democracy in the 21st century: a Kaleckian interpretation of a Schumpeterian problem	41
Mair D
Laramie AJ
Capitalism and democracy at a crossroads: the civilizational dimension	55
Ozveren E
Presidential address
Capitalism, democracy and rational individual behaviour	73
Mueller DC
Capitalism and globalization
A spectre in haunting the world - the spectre of global capitalism	89
Kingston W
Reflections on the perspectives of the global economy from the point of view of emerging economies	115
Silva MLF
Pinto de Andrade J
Torrance TS
Capitalism, profits and innovation in the new techno-economic paradigm	137
Cantwell J
Santangelo GD
Debt, growth and inflation in large European economies: a vector auto-regression analysis	165
Taghavi M
The innovation process
Uncertainty and the size distribution of rewards from innovation	181
Scherer FM
Harhoff
Kukies J
The determinants of pharmaceutical research and development expenditures	207
Grabowski H
Vernon J
Industrial policy, competence blocs and the role of science in economic development	223
Eliasson G
Multimarket contact and inter-firm cooperation in R&D	249
Vonortas NS
The democratic process
Political entrepreneurship and bidding for political monopoly	279
Wohlgemuth M
Schumpeter and the history of ideas
Market institutions and economic evolution	303
Loasby BJ
Competitive selection, self-organisation and Joseph A. Schumpeter	317
Foster J
Convergences with Schumpeter: An essay Hirschman has yet to write	335
Wynarczyk P
Schumpeter and Steindl on the dynamics of competition	349
Bloch H
Schumpeter and the `Schmollerprogramm': integrating theory and history in the analysis of economic development	361
Ebner A