Schumpeterian

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1. economicsOf or pertaining to the economist Joseph Alois Schumpeter (1883–1950).

   The merger’s effect on innovation decomposes into a Schumpeterian effect (larger profit base) and an Arrowian effect (lost rivalry).

   2026, Matias Pietola, Emanuele Tarantino, Hans Zenger, “Mergers, Innovation Efficiencies, and the Investment Channel”, in CEPR Discussion Papers, number 21529, archived from the original on 27 May 2026

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   Rather than simply an extension of Smithian dynamics of market expansion and labor specialization, economic growth in early modern Europe was nurtured by Schumpeterian principles in which it is not perfect markets, but rather imperfect markets, that spur innovation and economic growth.

   2016, Richard von Glahn, “Introduction”, in The Economic History of China: From Antiquity to the Nineteenth Century, page 9

   This paper develops a dynamic Schumpeterian growth model to analyze how extractive institutions in the form of the resource appropriation by a politically dominant elite shape the transition from Malthusian stagnation to sustained long-run economic growth.

   2026, Klaus Prettner, Martin Stojanovikj, “Extractive institutions and the takeoff to long-run growth: A schumpeterian perspective”, in European Economic Review, →DOI

   [One economic phenomenon driving growth] is “Schumpeterian growth,” driven by technological progress: making goods cheaper, making them better, or coming up with altogether new goods.

   2026, Joel Mokyr, “Nobel Lecture: The Past and Future of Innovation: Can Progress Be Sustained?”, in American Economic Review, volume 116, number 7, →DOI, pages 2299–2323

   Synonyms: Schumpetarian