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Joseph Schumpeter, particularly on Chapters 1-2 of his Theory of Economic Development. Schumpeterian analysis requires an …
Persistent link: https://www.econbiz.de/10010331098
Schumpeter showed that the boom and bust cycles are intrinsically related to the functioning of the capitalist economy …. These boom and bust cycles are inherent to the rise innovation. Our paper analyses innovation cycles in a stock flow … paradigm. We present two models. The first one, as a tribute to Schumpeter's work, follows strictly Schumpeter's description of …
Persistent link: https://www.econbiz.de/10010335296
financial system, but also to Schumpeter's views on financing innovation. … greatest explosion of financial innovation the world had ever seen. Financial fragility grew until the economy collapsed into … the global financial crisis. At the same time, we saw that much (or even most) of the financial innovation was directed …
Persistent link: https://www.econbiz.de/10011545297
role in the capitalist economy. For Schumpeter, markets were critical to the process of selftransformation of economic …, generating new combinations of activities and driven by the creative power of knowledge. Innovation and markets are jointly the … regulation (order) and de-regulation (disorder). He scarcely considers innovation in production or consumption, concentrating on …
Persistent link: https://www.econbiz.de/10014612504
Handlungstypus, für dessen Gestalt Joseph Schumpeter entscheidende Hinweise gab, dargestellt. …
Persistent link: https://www.econbiz.de/10009434622
latter is closely connected by Schumpeter with uncertainty and the central role of innovation in economic development under … Schumpeter's changing views about the sources of innovation under capitalism, and compare Schumpeter's views on the evolution of …This paper highlights the special nature of Schumpeter's distinction between statics and dynamics suggesting that the …
Persistent link: https://www.econbiz.de/10009447989
innovation by offering social insurance for the members of its society. This is achieved by modeling the real sector, the …-orientation of a system into the analysis. This enables us to shed light on the task of fostering innovation through public policy …
Persistent link: https://www.econbiz.de/10009482288
phases of innovation. The analysis is founded on three important theoretical thoughts: Schumpeter?s logic of innovation, the … the starting point of the economic reforms in 1978. For this purpose the author combines Schumpeter?s development theory … run Kondratiev wave. Subsystems can exist in an economic system ? routine, arbitrage, innovation and evolution system …
Persistent link: https://www.econbiz.de/10009484937
characterize entrepreneurship, its motivations, knowledge and capacity for innovation. A participant observation was carried out … Schumpeterian condition. This paper advances in theoretical knowledge by identifying that the Schumpeterian innovation of this … in places in which knowledge is disseminated as innovation. …
Persistent link: https://www.econbiz.de/10013328835
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 …
Persistent link: https://www.econbiz.de/10010318638