Innovation Patterns in Crisis and Prosperity: Schumpeter's Long Cycle Reconsidered
With the economic problems facing Western economics during the last decade, theories about an alleged forty-five to sixty years' pulsation in economic life (the Kondratieff-Schumpeter cycle) have experienced a remarkable renaissance. Based on a new econometric test method, the author argues that long waves can be identified not only in price series but also in the aggregate output of a number of key industrialized countries. The author's own research corroborates Schumpeter's hypothesis that, far from being caused by a flash of genius, radical innovations occur in clusters, interacting with economic fluctuations and social change.
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Innovation Patterns in Crisis and Prosperity: Schumpeter's Long Cycle Reconsidered
With the economic problems facing Western economics during the last decade, theories about an alleged forty-five to sixty years' pulsation in economic life (the Kondratieff-Schumpeter cycle) have experienced a remarkable renaissance. Based on a new econometric test method, the author argues that long waves can be identified not only in price series but also in the aggregate output of a number of key industrialized countries. The author's own research corroborates Schumpeter's hypothesis that, far from being caused by a flash of genius, radical innovations occur in clusters, interacting with economic fluctuations and social change.
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Innovation Patterns in Crisis and Prosperity: Schumpeter's Long Cycle Reconsidered
235
Innovation Patterns in Crisis and Prosperity: Schumpeter's Long Cycle Reconsidered
235
169.99
In Stock
Product Details
| ISBN-13: | 9780333407455 |
|---|---|
| Publisher: | Palgrave Macmillan UK |
| Publication date: | 02/09/1987 |
| Edition description: | 1987 |
| Pages: | 235 |
| Product dimensions: | 5.51(w) x 8.50(h) x (d) |
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