Productivity and efficiency analyses have been indispensable tools for evaluating firms’ performance in the banking sector. In this context, the use of Artificial Neural Networks (ANNs) has been recently proposed in order to obtain a globally flexible functional form which is capable of...

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 – Joseph Alois Schumpeter's ideas are in the discussion agenda of various economists working in different theoretical traditions. However, several aspects of his work remain unexplored. In particular, the origin of his ideas in the context of the then prevalent economic theories of the...

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 deal with questions of instability and economic crises, deriving theoretical arguments from Marx's and Schumpeter's works and presenting relevant empirical evidence for the case of the US food manufacturing sector. Design/methodology/approach – The...

Purpose – This paper aims to analyze Emil Lederer's and Sumner Slichter's theses on the concept of technological unemployment. Design/methodology/approach – Given the presence of core elements of both economists' visions in the famous Debate on Technological Unemployment (1928‐1933), it is...

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,...