Schumpeter's sociology of economics

Joseph Schumpeter (1883–1950) is well known to sociologists and political scientists for his account of the potential metamorphosis of a capitalist economy into a socialist one and in particular for his explanation of the respective roles entrepreneurship and democratic politics will play in this process. As a professional economist, however, Schumpeter was also concerned to differentiate between the nature of explanation provided by pure economic analysis and the explanations of general economic phenomena given by non-specialist economists, whether they be sociologists, historians or whatever. This distinction also becomes an integral part of his account of social change as the relationship between economic analysis and political ideology evolves in the twentieth century. But in order to avoid purely methodological controversies, Schumpeter shows how both layman and professional economist fail to understand the role of specialised economic knowledge in the transition from capitalism to socialism and in doing so provides a new interpretation of the relationship bewteen economy and society

Capitalism · Communism · Democracy · Economic system · Economics · Entrepreneurship · Ideology · Interpretation (philosophy · Neoclassical economics · Order (exchange · Political science · Politics · Positive economics · Social science · Socialism · Sociology · Economic Theory and Institutions · Political Economy and Marxism · Social Policy and Reform Studies · Law

• European Economic Sociology, 1920s-1960s

  Open Access•Richard Swedberg•Current Sociology•1987

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• The Use of Knowledge in Society

  F A Von Hayek, F Hayek•Knowledge management and…•1996

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• The Inference

  Joseph A Schumpeter•Capitalism, socialism, and…•2010

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• Vilfredo Pareto (1848-1923)

  Joseph A Schumpeter•The Quarterly Journal of Economics•1949

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• Capitalism, Socialism and Democracy

  Gaël Fain, Joseph Alois Schumpeter et al.•Capitalism, socialism, and…•2010

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• Schumpeter Social Scientist

  Johan Akerman, Steven Edward Harris•Econometrica•1953

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• Schumpeter, Social Scientist

  Ewing P Shahan, Seymour E Harris•Southern Economic Journal•1952

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• English Economists and the State-Managed Economy

  Joseph A Schumpeter•Journal of Political Economy•1949

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• The Instability of Capitalism

  Joseph A Schumpeter, Joseph Schumpeter•The Economic Journal•1928

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• Schumpeterian Economics

  Terence Hutchison, Helmut Frisch•The Economic Journal•1983

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• Schumpeter and Max Weber--Central Visions and Social Theories

  Ronan Gerald Macdonald, Ronan MacDonald•The Quarterly Journal of Economics•1965

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• Social structure, history and evolution

  Peter Lassman•Economy and Society•1984

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