Economics Dictionary of ArgumentsHome
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| Interventionism: Interventionism is the practice of interfering in the internal affairs of another country or organization. See also Interventions._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Joseph A. Schumpeter on Interventionism - Dictionary of Arguments
Sobel I 36 Interventionism/Schumpeter/Sobel/Clemens: ture" (ESC(1): 108), and "the state . enlarges . deep into the flesh of the private economy" (ESC(1): 110-111). Schumpeter had serious concerns that high levels of taxation associated with the expansion of government size were already eroding the incentives to innovate and produce: "almost all countries have shot way beyond the mark in this or that case of indirect taxation and have burdened some articles to such an extent that the fiscal interest of the state itself has been hurt" (ESC(1): 113). This gradual transition toward more and more government control and economic intervention in Schumpeter's view is aided by democracy and the march of "democratic socialism". According to Schumpeter, "democratic methods have become an element of the moral credo of the average American ... I do expect a slow progress in regulation, which will only cease when there is nothing unregulated left" (ESC(1): 313). It will consist of "extending the democratic method, that is to say the sphere of 'politics', to all economic affairs" (CSD(2): 299). "In any case, that democracy will not mean increased personal freedom" (CSD(2): 302). Sobel/Clemens: It is clear that Schumpeter viewed a movement away from capitalism and toward socialism as resulting in less personal freedom, as well as Iower levels of economic prosperity, in the long run. This is not surprising as Schumpeter is widely known for his writings illustrating the benefits and essential role of private-sector entrepreneurship in the capitalist, free-market system. Schumpeter noted this transition was "not by economic necessity" and would result in a "sacrifice of economic welfare, into an order of things which it will be merely matter of taste and terminology to call Socialism or not" (EOE(3): 72). Thus, while Schumpeter, like Marx, believed that the economic system of capitalism had built-in features that would lead to its demise and replacement with socialism, the two authors had not only different rationales but also different prognoses for the impact it would have on the well-being of the individuals in society. >Capitalism/Schumpeter, >Socialism. 1. Schumpeter, Joseph A. (1991). The Economics of Sociology and Capitalism [ESC]. Edited by Richard Swedberg. Princeton University Press. 2. Schumpeter, Joseph A. (1942). Capitalism, Socialism, and Democracy [CSD]. Harper & Brothers. 3. Schumpeter, Joseph A. (2008). Essays on Entrepreneurs, Innovations, Business Cycles, and the Evolution of Capitalism. Edited by Richard V. Clemence._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconSchum I Joseph A. Schumpeter The Theory of Economic Development An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, Cambridge/MA 1934 German Edition: Theorie der wirtschaftlichen Entwicklung Leipzig 1912 Sobel I Russell S. Sobel Jason Clemens The Essential Joseph Schumpeter Vancouver 2020 |
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