Schumpeter rejected the Ayn Rand heroic-entrepreneur view of economic progress

Evidence

Too easily forgotten is Schumpeter’s reserved attitude about the role of entrepreneurs in society at large. While considered agents of change, they were neither considered initiators of economic progress per se nor heroes of the Ayn Rand variety. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 272

Categorization

• XREF: Fractures the crude stereotype that all conservatives canonize the visionary entrepreneur — Schumpeter keeps his distance from the Randian image. — connects to: Schumpeter explained austerity’s failure through the bureaucratization of large firms — Mark Blyth, Austerity: The History of a Dangerous…, 349; Schumpeter saw capitalism’s rationalization destroying the entrepreneur’s heroic social function — Mark Blyth, Austerity: The History of a Dangerous…, 350; Neoliberals abandoned Schumpeter’s fatalism for Mises’ political-contingency view of entrepreneurship. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 288 (+2 more)

Broader Connections

• Schumpeter predicted socialism via competition’s centralizing effects, not capital’s contradictions #expands (0.80) — Michel Foucault, The Birth of Biopolitics, 949
• Neoliberals abandoned Schumpeter’s fatalism for Mises’ political-contingency view of entrepreneurship. #expands (0.75) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 288
• The 1970 MPS conference ended Schumpeterian pessimism about entrepreneurship #corroborates (0.70) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 290