Resumen de Failure via Schumpeter: Market Globality, Empire, and the End(s) of Capitalism

Ritu Birla

• The contemporary language of business innovation embraces failure and claims an origin in the thought of Joseph Schumpeter, which contemplated the end(s)�the failure, completion, limits, and fulfillment of capitalism. Attentive to empire and monopoly, Schumpeter represents a rich condensation of the global governmental imaginaries of his time, speaking to the Marxist temporizing of capital and the Weberian history of capitalism, neoclassical and welfarist �market failure,� imperialism, and an emergent neoliberalism. Outlining an intellectual history of the tethering of failure to innovation, this article contributes to a genealogy of contemporary market globality, as posed against the spot analysis of global markets.