01226pab a2200169 454500008004000000100001900040245008000059260000900139300001300148362000800161520070100169650001400870773004100884909001000925999001700935952010400952180718b2001   xxu||||| |||| 00| 0 eng d  aMedearis, John  aIdeology, democracy and the limits of equilibrium: a Schumpeterian critique  c2001  ap.355-88  aApr  aJoseph 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  aDemocracy  aBritish Journal of Political Science  a49156  c49156d49156  00104070aIIPAbIIPAd2018-07-19hVolume no: 31, Issue no: 2pAR49584r2018-07-19w2018-07-19yAR