  An interesting toy model has recently been proposed on Schumpeterian economic
dynamics by Thurner {\it et al.} following the idea of economist Joseph
Schumpeter. Punctuated equilibrium dynamics is shown to emerge from this model
and some detail analyses of the time series indicate SOC kind of behaviours.
The focus in the present work is to toss the idea whether the dynamics can
really be like a self organized critical (SOC) type. This study indicates that
it is necessary to incorporate the concepts of 'fitness' and 'selection' in
such a model in the line of the biological evolutionary model by Bak and
Sneppen in order to obtain power law and thus SOC behaviour.
