Babacan, Mehmet2020-11-212020-11-21201597833190647419783319064734https://doi.org/10.1007/978-3-319-06474-1_3https://hdl.handle.net/11467/4116Understanding economic development as a change in economic life, Schumpeter (2004, p. 63) argues that the explanation of economic development should be sought at the social facts outside the economic theory. Changes in economic data may be just pointing out to a simple adaptation of the economy while economic development encompasses wider and deeper changes in the structure of the economy. © Springer International Publishing Switzerland 2015.eninfo:eu-repo/semantics/closedAccessEconomic developmentNeoclassical theoryQuantitative planningStructuralist viewBook Chapter4358N/AWOS:000346771500004N/A2-s2.0-8514509021110.1007/978-3-319-06474-1_3