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I am not sure that Schumpeter would have agreed that the second edition 
includes "substantial changes". He acknowledged in the "vorwort zur zweiten 
auflage" only some cuts, simplifications and rewriting - By these changes, 
Schumpeter intended to help the reader to focus on the core message of the 
first edition. 
 
For those interested by the differences between Theorie der  
wirtschaflichen Entwicklung (1911) and Theory of Economic Development 
(1934) see :  
 
Schumpeter 1911 farsighted visions on economic development. 
American Journal of Economics and Sociology, The, April, 2002, by Markus C. 
Becker, Thorbjorn Knudsen 
 
Alain ALCOUFFE 
 
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