Abstract
Amid the raging anti-marxist neoclassical revolution; amidst the darkest theoretical crisis regarding the nature of capital and how it is measured; here appears an economist with an original approach compared to his contemporaries. This is J.A. Schumpeter (1883-1950), whose traits differ from neoclassical principles, but who did not disagree with them, in an arduous «squaring the circle». The author introduced many novelty in his theory of development (1911), from the circular flow of the economy to the concept of capital with its many configurations, from the imitative competition to the social progress, which we will explore the weaknesses and not infrequently the plagiarism.
We will conclude with some reflections on the topic of development, regarding the tendency to confuse it with other economic dynamics, but above all regarding why reality is moving in an entirely different direction.
Before delving into the text, we would like to warn the reader that all our writings are essentially aimed at shedding light on capital and value (S.M. De Marco, 1991-2026), which is why we are interested in J.A. Schumpeter author of his versions of capital.