Schumpeter's theory of ideological influence (1).(Joseph Alois Schumpeter)(Essay) History of Economics Review | January 1, 2004| | COPYRIGHT 2004 History of Economic Thought Society of Australia. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Abstract: This article contains a reassessment of Schumpeter's theory of ideological influence. It begins by comparing Marx's and Engels's 'negative' conception of ideology to Schumpeter's 'positive' interpretation. Next, Schumpeter's theory of ideological bias is outlined. After that, inconsistencies in Schumpeter's formulations of 'ideology' and 'ideological influence' are addressed using arguments derived from Carl Schmitt. The following sections appraise Schumpeter's instrumentalist view that economic analysis is 'value free'. Finally, the conclusion is reached that ...

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