01110pab a2200157 454500 180718b2001 xxu||||| |||| 00| 0 eng d Medearis, John Ideology, democracy and the limits of equilibrium: a Schumpeterian critique 2001 p.355-88 Apr Joseph Schumpeter's elite conception of democracy has inspired many political scientists to use the tools of equilibrium analysis to model democracy. But Schumpeter devoted much of his career as an economist to critiquing and transcending the limitations of equilibrium models. In particular, he became convinced that the equilibrium models of neoclassical economics could not adequately capture innovation as a dynamic force at the heart of capitalism. A new use of Schumpeter's critique shows that equilibrium models of democracy are similarly limited in their ability to capture the innovative creation and deployment of democratic ideologies as a source of political dynamism. - Reproduced Democracy British Journal of Political Science 49156 49156 49156 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 31, Issue no: 2 AR49584 2018-07-19 2018-07-19 AR