Joseph Schumpeter and Neo-Classical Economics. Schumpeter's economic theories as they are outlined in "Capitalism, Democracy and Socialism" differ significantly from the neo-classical view of economics. The neo-classical view is outlined-with reference to Adam Smith as a representative neo-classical economist--and contrasted with Schumpeter's theories. Schumpeter's absorption of Marxism, his views on markets and monopolies, and his ruminations on the future of capitalism are highlighted and contrasted with the neo-classical paradigm. 14 pgs. Bibliography lists 4 sources. Pages: 14 Bibliography: 4 source(s) listed Filename: 4064 Neo Classical Economics.doc Price: 125.30