WP – Entrepreneurs and Change Leaders Boom in Schumpeter Disequilibrium
Updated 8.3.11
Working Abstract.
Winners in the private sector are led by entrepreneurs while, in the public sphere, change leaders work as policy-based reformers. Both must be proven innovators in the mold of Schumpeter …
Placeholder for the Abstract to be completed soon.
Joseph Schumpeter defined disequilibrium as the normal state of an economy. Entrepreneurs, that he defined as innovators actively engage in this creative destruction, are the change leaders that move an economy up the progressive S-curve of development.
Hi dynamic approach is antithetical to both Adam Smith and Karl Marx, though as with any science he used concepts and stood on their giant shoulders, from an earlier classic period of economics, and to the mainstream economics that solve problems by assuming that economics move toward equilibrium by price-clearing, in a static snapshot mode.
While the real world validates his dynamic theory, it suffers from being ‘non-scientific’ in the sense that the present language of science, mathematics, is not able to formally model the chaos of the real world for theoretical experiments.
The state-of-the-art methods of inquiry are still clinical cases as with Kathleen Eisenhardt (1989) or appreciative theory via Nelson and Winter (1982) and thus inductive by nature. As an engineer engage more in technology than science, I am comfortable with inductive knowledge that works and is driven by a continuous search for improvement.
That brings me full circle to Schumpeterian entrepreneurs as change leaders. In their specific experiences as successes as elow, they are indeed the drivers of progress and development.
Chapters on Change Leaders
- Shai Agassi, alternative energy for a Better Place with an electric car service for Israel
- J. Craig Ventner, basic research in Genomics and Synthetic Biology
- Steve Jobs, sublime Product Development in Consumer Technology
- Genichi Taguchi, Loss Function and Experimental Design
- Albert Einstein and the General Theory of Relativity
- Ludwig Erhard and Social Market Economy in Germany
- Joseph Schumpeter, Entrepreneurship and Creative Destruction and evolutionary Theory of Economic Development
- Yoshida Shoin, Teacher to the Meiji Restoration
- Wang Yang Ming, the Neo-Confucian Idealist
- St. Francis of Assisi, ascetic friar, founder of the Franciscan Order and saint for the environment
Apolinario Mabini and the Philippine Revolution by Cesar Adib Majul is one of my favorite books. It was first published in 1960 by the University of the Philippines Press, Diliman, Quezon City.
The book inspires me because Majul tells the tale well and makes us live in Mabini’s times.
One can almost imagine the news headlines day-to-day. It tells of the time when politics was done for the good of the people. Filipino politicians, in a time of real and bloody war against Spain and America, where dead serious about the business of politics.
It ought to inspire us because that revolution was a product of the French Enlightenment. To quote Dean Fonacier in the Introduction, “The [Philippine] Revolution … was not an aimless, disordered upheaval, because it had definite objectives to accomplish and it drew inspiration from earlier revolutions in Europe and America.”
The book also tells about the humanity of Mabini, oftentimes the forgotten hero today and his charisma. His patriotism was the fount of his motivation. Love of country is lost to many political leaders of our time.
Back cover with note from the author
Mabini’s life gives me hope today, despite the gloomy headlines, because he was real.
Apolinario Mabini happened and, surely, some Mabini must likewise emerge with the brilliance, the charisma, and the love of country to re-energize Filipinos to greater heights in the near future.
A quote from p.xii of the Introduction by Tomas S. Fonacier, Professor of History and Dean, College of Liberal Arts, University of the Philippines, May 15, 1960:
The main thesis of Professor Majul’s two books – The Political and Constitutional Ideas of the Philippine Revolution and Mabini and the Philippine Revolution – is that the Revolution, the two phases of which were led by Bonifacio and Aguinaldo, was informed and guided by a definite political and ethical philosophy traceable to the French Enlightenment which gave rise, as everybody knows, to the French Revolution and the American War for Independence, the nationalist movements of th nineteenth century, and the unprecedented scientific and technological advancement during the last two centuries.
The [Philippine] Revolution, therefore, was not an aimless, disordered upheaval, because it had definite objectives to accomplish and it drew inspiration from earlier revolutions in Europe and America for the accomplishment of such objectives. Although coming a century after, the Philippine Revolution still can be properly called a direct descendant of the French and American Revolutions.
Note: Mabini and the Philippine Revolution by Cesar Adib Majul is available at the UP Press for Pesos 375. Call Bahay Kalinaw (920-2313) to reserve and buy. It is a really good read!
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