Chapter 5: How Evolutionary is Schumpeter's Theory of Economic Development?
Despite the enormous prominence of the work of Joseph A. Schumpeter in terms of citations there is nothing like a Schumpeterian school in economics—even though, particularly during his tenure at Harvard University from 1932 until his death in 1950, Schumpeter had extremely talented students in his classes. Many of them—Bergson, Georgescu-Roegen, Goodwin, Hirshleifer, Musgrave, Samuelson, Stolpher, and Tobin, to mention just a few—became eminent economists in their own right, and usually recalled Schumpeter's classes with sympathy, if not admiration.
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