This paper proposes to explain the productivity growth slowdown with the poaching of disruptive inventors by firms … disruptive innovations to confirm the main features of the model: Disruptions increase future research productivity, hurt …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …

Economists have long debated the best way to explain the sources of productivity growth. Neoclassical theory and 'new … growth' theory both regard investment - broadly defined to include purchases of tangible assets, human capital expenditures …, and research and development efforts - as a critical source of productivity growth, but they differ in fundamental ways …

Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based … institutions; and (iv) the emergence and impact of long-term technological waves. In each case, Schumpeterian growth theory …

science in a brand-new theory of economic growth. Looking back across the millennia, it identifies five major technological …