Giersch democratized Schumpeterian creative destruction into teamwork within firms

Evidence

Contrary to Kirzner’s effort to de-emphasize innovation and the resulting disruption, Giersch reinstated the innovator-entrepreneur without reinstating the small social class of Schumpeter’s elite entrepreneurs. Instead, Giersch adopted the far-and-wide approach to risk and responsibility carrying entrepreneurship offered by Knight and Mises, and the special ability entrepreneur offered by Kirzner, all fellow MPS members. All these elements of an individualist entrepreneurial mindset fed the new perspective of entrepreneurial management, collaboration in innovation systems and “intrapreneurship,” or “Schumpeter Mark 2.” Creative destruction would no longer require the boom and bust of the firm. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 305

Categorization

• DEFINE: Introduces the ‘Schumpeter Mark 2’ concept and how intrapreneurship reworked Schumpeter’s elite-entrepreneur model.
• XREF: Connects to Mirowski/other chapters mapping how MPS members reworked Schumpeter, and to the broader literature on entrepreneurial discourse versus corporate hierarchy. — connects to: Giersch fused German location economics with Schumpeterian evolutionary dynamics. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 296; Silicon Valley misappropriates Schumpeter’s creative destruction to justify permissionless innovation — Shoshana Zuboff, The Age of Surveillance Capitalism, 154; Business-ideology sociology reframed the factory as collaborative convivium — Rolf Wiggershaus, The Frankfurt School: Its History,…, 2095 (+1 more)

Broader Connections

• Business-ideology sociology reframed the factory as collaborative convivium #corroborates (0.85) — Rolf Wiggershaus, The Frankfurt School, 2095
• Neoliberal thinkers reframed corporate wage-labor as entrepreneurial to counter Schumpeterian decline fears. #complicates (0.85) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 284
• Silicon Valley misappropriates Schumpeter’s creative destruction to justify permissionless innovation #complicates (0.70) — Shoshana Zuboff, The Age of Surveillance Capitalism, 154