Purpose – The purpose of this paper is to present a non‐linear Hicks model of the cycle, based on Keynesian theory and economic dynamics. Design/methodology/approach – Using the proposed approach, the paper puts forward a simple method for its empirical estimation based on nonlinear least...

Purpose – The purpose of this paper is to argue that Joseph Schumpeter's views are influenced by the French social philosopher Gabriel Tarde who delivered a theory of social evolution based on technological change as its driving force. Design/methodology/approach – The paper investigates the...

Purpose – The purpose of this paper is to investigate two famous postulates of the Schumpeterian doctrine and its implications for the US economy. Design/methodology/approach – Analytically, the authors investigate whether sector size matters for sectoral: technological change and stability,...