Caiani, Alessandro; Godin, Antoine; Lucarelli, Stefano - In: Metroeconomica 65 (2014) 3, pp. 397-429
Schumpeter argued that boom and bust cycles are inherent to the rise of innovation and constitute an unavoidable consequence of the way the capitalist system reacts to the emergence of a wave of innovations. This contribution aims to describe Schumpeterian economic development in a ‘monetary...