Schumpeter and the Organization of Entrepreneurship

Abstract

Abstract This article first briefly introduces Schumpeter, the issues he tackled in his work, and the contributions he is best known for. It then offers a concise guide to Schumpeter's works and the secondary literature and discusses the evolving pattern of citations to Schumpeter's work in the social sciences. It then provides a comprehensive assessment of Schumpeter's works on entrepreneurship in order to identify insights of practical and theoretical relevance to contemporary research. It draws on sources that are little known, rarely referenced, and in most cases only published in German, in order to distill Schumpeter's insights on entrepreneurship. The article concludes with an assessment of why, even today, Schumpeter's insights can help to further our understanding of entrepreneurship and its organization.

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