Caiani, Alessandro; Godin, Antoine; Lucarelli, Stefano - 2012
Schumpeter, a century ago, argued that boom-and-bust cycles are intrinsically related to the functioning of a … capitalistic economy. These cycles, inherent to the rise of innovation, are an unavoidable consequence of the way in which markets … evolve and assimilate successive technological revolutions. Furthermore, Schumpeter's analysis stressed the fundamental role …