Ideology, democracy and the limits of equilibrium : a schumpeterian critique
By: MEDEARIS, John
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Material type: 
ArticlePublisher: 2001British Journal of Political Science 31, 2, p. 355-388Abstract: Joseph Schumpeter`s elite conception of democracy has inspired many political scientist to use the tools of equilibrium analysis to model democracy. But Schumpeter devoted much of this career as an economist to critiquing and transcending the limitations of equilibrium models. In particular, he became convinced that the equilibrium models of neoclassical economics could not adequetely capture innovation as a dynamic force at the heart of capitalism. A new use of Schumpeter`s critique shows that equilibrium models of democracy are similarly limited in their ability to capture the innovative creation and deployment of democratic ideologies as a source of political dynamism
| Item type | Current location | Collection | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Periódico | Biblioteca Graciliano Ramos | Periódico | Not for loan |
Joseph Schumpeter`s elite conception of democracy has inspired many political scientist to use the tools of equilibrium analysis to model democracy. But Schumpeter devoted much of this career as an economist to critiquing and transcending the limitations of equilibrium models. In particular, he became convinced that the equilibrium models of neoclassical economics could not adequetely capture innovation as a dynamic force at the heart of capitalism. A new use of Schumpeter`s critique shows that equilibrium models of democracy are similarly limited in their ability to capture the innovative creation and deployment of democratic ideologies as a source of political dynamism
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