> The question, then, would be "what isn't covered by Schumpeterian?" .. rent-seeking only? Normal businesses that are created for traditional reasons. For ex

> The question, then, would be "what isn't covered by Schumpeterian?" .. rent-seeking only? Normal businesses that are created for traditional reasons. For example, to partake in a gold rush (like phone apps a few years ago). Or to attempt to get a slice of economic pie, typically in a "perfect competition" market that precludes monopolies. Anyone who produces a commodity by standard methods. These aren't rent seeking, they are adding fair competition to an (un)established market. They aren't Schumpeterian either, they are more-of-the-same to help the market meet demand. Arguably a rational actor would invest their money in the commodity to allow existing companies to grow, but some people prefer to get their hands dirty instead.