Journal of Innovations

 ISSN: 2837-9950 (Online)

Vol. 2, Issue 1

What Would Joseph Schumpeter Say About Innovation in the Age of Generative Artificial Intelligence? A Conversation with ChatGPT-4


Charles H. Davis 


This paper reports a wide-ranging conversation in November and December 2023 between the author and ChatGPT-4 about how Joseph Schumpeter, the pioneer of modern innovation studies and the popularizer of the concept of creative destruction, might address innovation in the age of generative AI. I asked ChatGPT to perform four sorts of tasks: 1) produce plausible imaginary accounts of what Schumpeter would say about innovation and generative AI; 2) generate plausible and amusing cultural products in three common genres (a limerick, a formal verse, and an epic rap battle), all on the theme of Schumpeter and generative AI; 3) produce plausible and reliable accounts of Schumpeter’s thoughts on innovation, including identification and correction of a user’s deliberately erroneous statements; and 4) identify and produce an accurate assessment and summary of scholarly and scientific knowledge about Schumpeter and his thinking, with attributed sources. In the concluding section I offer some comments and thoughts on the strengths and weaknesses of ChatGPT-4 as a tool to explore, imagine, compare ideas, and support the production of reliable scholarship.



Davis, C. H. (2024). What would Joseph Schumpeter say about Innovation in the Age of Generative Artificial Intelligence? A conversation with ChatGPT4. Journal of Innovations. 2(1), 1-30. DOI: