“Schumpeterianism” Revised: The Critique of Elites in Capitalism, Socialism and Democracy

Natasha Piano

DOI:10.1080/08913811.2017.1458501

Corpus ID: 150201729

“Schumpeterianism” Revised: The Critique of Elites in Capitalism, Socialism and Democracy

@article{Piano2017SchumpeterianismRT,
  title={“Schumpeterianism” Revised: The Critique of Elites in Capitalism, Socialism and Democracy},
  author={Natasha Piano},
  journal={Critical Review},
  year={2017},
  volume={29},
  pages={505 - 529}
}

Natasha Piano

Published 2017

Sociology

Critical Review

ABSTRACT A close reading of Capitalism, Socialism and Democracy underscores Schumpeter's critique of elite political capacities. Given the neglect of this critique in contemporary scholarship, it might warrant a revision of our understanding of “Schumpeterianism.” To notice the critique of elites, we need to read Part IV in the context of the work as a whole, and with greater sensitivity to the sarcasm, irony, and humor that permeate the book. Such a reading produces a fundamentally altered… CONTINUE READING

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