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• W2553589091 abstract "SHORT ABSTRACT: The paper studies of the process of creative destruction according to Schumpeter’s programme of making a ‘Theoretical, Historical, and Statistical Analysis of the Capitalist Process’. He had both a Mark I and a Mark II of concept of creative destruction, and they are important for understanding the coevolution between economic life and socio-political life. A method for partitioning of evolutionary change into a selection effect and an innovation effect is described, and sketches of the historical experience of Denmark and Sweden are made accordingly. Finally, a statistical study of creative destruction in Denmark is proposed through an example. LONG ABSTRACT: The purpose of this paper is to outline theoretical and empirical studies of the process of creative destruction in concrete countries—like those of Scandinavia. The starting point is an attempt to combine the types of analysis found in Schumpeter’s Evolutionary Trilogy. The style of analysis is mainly related to Business Cycles with its triple ‘Theoretical, Historical, and Statistical Analysis of the Capitalist Process’. However, no attempt is made to enter Schumpeter’s theory of the waveform evolution of capitalism expressed in terms of business cycles. Instead, the theoretical core concepts from Capitalism and Development are discussed in relation to statistical and historical evidence. This discussion takes place in four steps. First, it is emphasised that there is both a Mark I and a Mark II of concept of creative destruction. While the former is ‘Darwinian’, the latter is ‘Lamarckian’ and considers innovation and imitation as ways of avoiding creative destruction. This difference has much relevance for the use of the concept of the process of creative destruction as a tool for understanding the coevolution between economic life and socio-political life—since the latter is often dominated by the issue of avoiding creative destruction. Second, a method for analysing creative destruction is proposed. This method partitions any evolutionary change into a selection effect and a (broadly conceived) innovation effect, and by further decomposition both destruction and the response against this threat are made measurable. Third, short sketches of the historical experience of Denmark and Sweden are made in the formalised Schumpeterian terminology. Fourth, the unique Scandinavian datasets that allows the enormously detailed study on their processes of creative destruction during the last 25 years are presented both in general and in terms of a small and preliminary study of a particular topic." @default.
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• W2553589091 date "2006-01-01" @default.
• W2553589091 modified "2023-09-23" @default.
• W2553589091 title "Schumpeter's process of creative destruction and the Scandinavian systems: a tale of two effects" @default.
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