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MR SCHUMPETER’S CREATIVE DESTRUCTION

E. Antipina

First published: 2017https://doi.org/10.5593/sgemsocial2017/14/S04.070View metrics

Abstract

The basic reasons of destruction of capitalism dealt with in this article on samples of K.Marx’s, W.Sombart’s, P.Sorokin’s, J. Schumpeter’s and other economist’s texts: (1) the actions of the proletariat, the problems of capital accumulation, flow of economic resources (Karl Marx), (2) the anthropological foundation (Werner Sombart), (3) withering away of the entrepreneur function, destruction of the institutional structure and the social base of capitalism, decrease of economic stimulus to the labour (Josef Schumpeter), (4) qualitative changes (Pitirim Sorokin). The author analyzes of more particular features of the capitalism changing and the bureaucratization of intellectuals, its «anthropological foundation». The paper also proves the effect of internal and external factors on the appearance of a hostile atmosphere to capitalism. I discuss the implications of an author’s approaches for understanding the transformation of capitalism to socialism. The two kinds of special creative destruction factors dealt with in this paper. First, the hostility to capitalism on the part of intellectuals which are the product of capitalism and its liberties. Second, the withering away of the entrepreneur function as a result of methods when innovations become routine. The participation of intellectuals in creative destruction is not in vain. They really destroyed capitalism but at the level of concept suggesting the different terms, «information society», «postindustrial society», «postmodernism». At the same time the entrepreneur function is not withered, and the capitalism in this sense is still alive.

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Publication details

Title
MR SCHUMPETER’S CREATIVE DESTRUCTION
Authors
E. Antipina
Proceedings
4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017
Publisher
STEF92 Technology
Year
2017
Pages
533-540
SWS Citekey
Antipina20174533540
ISSN
2367-5659
ISBN
978-619-7408-16-4
Language
en
Publication type
Proceedings Paper
Proceedings contents
Open official contents
Keywords
References11
  1. Schumpeter J.A. (1912), The Theory of Economic Development: An inquiry into profit, capital, credit, interest and the business cycle. – Cambridge, Massachusetts, Harvard University Press, 1934.

  2. Schumpeter J.A. (1934), Depressions: Can we learn from past experience? – Economic of the Recovery Program, 1934.

  3. Schumpeter J.A. (1942), Capitalism, Socialism and Democracy. New-York: Harper & Row, 1942. 381 pp.; Third edition, 1950, 431 pp.

  4. Heilbroner R.L. (1953), The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic Thinkers. Touchstone Rockefeller Center, 1953, 1961, 1967, 1972.

  5. Kirzner I.M. (1973), Competition and Entrepreneurship. The University of Chicago Press, Chicago & London, 1973.

  6. Tiryakian E. (1988), From Durkheim to Managua: Revolutions as Religious Revivals. Pp.44-65 in Durkheimian Sociology: Cultural Studies. Edited by Jeffrey C.Alexander. New York and Cambridge: Cambridge University Press.

  7. Marx K., Engels F. (1848), Manifesto of the Communist Party. Marx/Engels Selected Works, Vol. One, Progress Publisher, Moscow, 1969, pp.98-137.

  8. Andersen ES (2009), Schumpeter’s evolutionary economics: a theoretical, historical and statistical analysis of the engine of capitalism. Anthem, London.

  9. Sombart W. (1896), Socialism and Social System. NY: Dutton and Sons, 1896, translated by M.Epstein.

  10. Walker J. (2011), People Who Live in the Shade, Reason, 2011-02-22.

  11. Sombart W (1934), Deutscher Sozialismus. Charlottenburg: Buchholz & Weisswange. English translation (1937, 1969): A New Social Philosophy. New York: Greenwood.

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