HOW EVOLUTIONARY IS SCHUMPETER'S THEORY OF ECONOMIC DEVELOPMENT?

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Creation and Pursuit of Entrepreneurial Opportunities: An Evolutionary Economics Perspective (2007, background): “At a more fundamental level of analysis, even the Schumpeterian entrepreneur is an exploiter of preexisting opportunities (Witt, 2002).”
A theoretical grounding and test of the GEM model (2008, background): “…first economist to put the entrepreneur at centre stage of economic development was Schumpeter, who broke free from the prevailing comparative statics approach and recognised economies as self-transforming systems, with entrepreneurs as the agents of transformation (Schumpeter, 1934; Witt, 2002).”
Exploring evolutionary economic geographies (2007, background): “Though Schumpeter rejected appeals to biological analogies (Foster, 2000; Witt, 2002), there is little question that his vision of creative destruction was evolutionary in form and fundamentally inconsistent with the notion of a stable competitive equilibrium (Hodgson, 1993; Andersen, 1994). at U…”