inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and … a high level of competition. What a country produces and how much it competes domestically and internationally are …

-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a … comprehensive economic theory encompassing industry, the public sector and financial markets …pt. I. Industry and innovation -- pt. II. Finance in modern economics -- pt. III. The public sector and the future of …

The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in … economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates … only feature of market competition, but it plays a central role regarding to its virtues, and understanding the working …