Neoliberals abandoned Schumpeter’s fatalism for Mises’ political-contingency view of entrepreneurship.

Evidence

After 1970, entrepreneurship was no longer considered doomed due to an inevitable decline of the class of individual entrepreneurs. The essentialist perspective of Schumpeter was increasingly replaced by the political contingency perspective of Mises. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 288

Categorization

• XREF: connects to: Austrian business-cycle theory has a submerged US history dating to the 1920s via Schumpeter — Mark Blyth, Austerity: The History of a Dangerous…, 397; Neoliberals inverted Schumpeter and Keynes, casting Keynes as the pessimist. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 294; Schumpeter rejected the Ayn Rand heroic-entrepreneur view of economic progress — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 272