000			01110pab a2200157 454500
008			180718b2001 xxu||||| |||| 00| 0 eng d
100			_aMedearis, John
245			_aIdeology, democracy and the limits of equilibrium: a Schumpeterian critique
260			_c2001
300			_ap.355-88
362			_aApr
520			_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
650			_aDemocracy
773			_aBritish Journal of Political Science
909			_a49156
999			_c49156 _d49156