economic growth. Bazhal develops Schumpeter's theory to argue that genuine economic growth - especially in transitioning and … whether modern economic theory can explain how we ensure the effective functioning of the market economy. The book shows that …Provisional: 1. Key Features of J. A. Schumpeter’s Theory of Economic Development: Its Genesis and Modern Theoretical …

today's world, growth in information technology and knowledge of new ideas has altered the business paradigm dramatically … growth miracles are largely caused by knowledge spillover and learning by doing, and this volume also investigates the role …Contents -- Theory of Innovation -- Innovation Models -- Schumpeterian Innovation -- Endogenous Innovation …

importance of knowledge and human capital, increasing returns and path dependence, the role of variety in economic growth …

theory. This theory adopts three postulates: rational expectations, perfect price flexibility, and exclusion of the money in … author unifies Keynesian and monetarist theories within the same framework. The book applies the above basic theory to … international macroeconomics and economic growth theory. New Keynesian theory contains logical inconsistencies: menu costs that have …

This book takes a new look at the golden age in neoclassical growth theory and explores in detail sustainability and … in modern economies - including perspectives on green growth and aspects of the knowledge production function in the … knowledge production function to the macro production function in a broader context, including real money balances in the …

global crisis presented by the monetary circuit theory, with a special emphasis on Minsky’s financial instability hypothesis …. The authors present a commentary on Keynes’s General Theory with an emphasis on his theory of the scarcity of capital, his …