The 1970 MPS conference ended Schumpeterian pessimism about entrepreneurship

Evidence

The 1970 MPS conference thus marked the end of Schumpeterian essentialism and pessimism and a shift in focus to the conditions of economic freedom and entrepreneurship. Apart from delivering clarity about the need for lowering constraints on business transactions, the conference also marked the beginning of revisionism with regard to Schumpeter’s innovation entrepreneurship and a new perspective on corporate management. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 290

Categorization

• XREF: Connects to the broader debate in the volume about how neoliberal thinkers selectively repurposed Schumpeter against his own statist leanings — a specific instance of the intellectual-varieties theme. — connects to: Schumpeter predicted capitalism’s end from entrepreneurial decline. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 263; Giersch fused German location economics with Schumpeterian evolutionary dynamics. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 296; Schumpeter rejected the Ayn Rand heroic-entrepreneur view of economic progress — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 272 (+3 more)

Broader Connections

• Kirzner redefined entrepreneurship as equilibrating action, not Schumpeterian disruption #corroborates (0.75) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 277