Show/Hide Menu
Hide/Show Apps
anonymousUser
Logout
Türkçe
Türkçe
Search
Search
Login
Login
OpenMETU
OpenMETU
About
About
Open Science Policy
Open Science Policy
Communities & Collections
Communities & Collections
Help
Help
Frequently Asked Questions
Frequently Asked Questions
Videos
Videos
Thesis submission
Thesis submission
Publication submission with DOI
Publication submission with DOI
Publication submission
Publication submission
Contact us
Contact us
Friedrich List & Joseph Schumpeter: Strange bedfellows in the pedigree of (development) economics?
Download
860-5048-1-PB.pdf
Date
2016-4
Author
Özçelik, Emre
Özveren, Eyüp
Metadata
Show full item record
This work is licensed under a
Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License
.
Item Usage Stats
9
views
36
downloads
Cite This
Arguing that Joseph Schumpeter generalized development economics, whereas List saw it as of limited scope, we take a closer look at List’s approach. We discover that, for List, theories are time- and space-bound, and historical and institutional parameters help define their applicability. When history and institutions matter, mere internal dynamics cannot be taken as the sole motor-force of development and change. While Schumpeter’s approach is associated with evolutionary economics, List’s is affiliated with institutional economics. Institutional economics and evolutionary economics are not exactly the same but they are not poles apart either. This holds the key to understanding the uneasy yet inevitable combination to which List and Schumpeter contribute in the context of contemporary development-friendly economics. It is in this vein that we attempt to compare, contrast and somewhat synthesize List and Schumpeter in terms of their conceptions of capitalist development and economic evolution.
Subject Keywords
Friedrich List
,
Joseph Schumpeter
,
Institutional economics
,
Evolutionary economics
,
Development economics
URI
http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/860
https://hdl.handle.net/11511/58214
Journal
METU Studies in Development
Collections
Department of Economics, Article
Citation Formats
IEEE
ACM
APA
CHICAGO
MLA
BibTeX
E. Özçelik and E. Özveren, “Friedrich List & Joseph Schumpeter: Strange bedfellows in the pedigree of (development) economics?,”
METU Studies in Development
, vol. 43, no. 1, pp. 337–360, 2016, Accessed: 00, 2020. [Online]. Available: http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/860.