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9780521067072

Evolutionary Economics: Applications of Schumpeter's Ideas

by Edited by Horst Hanusch
  • ISBN13:

    9780521067072

  • ISBN10:

    0521067073

  • Edition: 1st
  • Format: Paperback
  • Copyright: 2008-06-26
  • Publisher: Cambridge University Press

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Summary

This volume contains eleven papers - some theoretical, others empirical - given at the 1986 founding meeting of the International Joseph A. Schumpeter Society in Augsburg. By raising questions and offering additional statistical evidence, they further stimulate interest and discussion about the kinds of intuitive ideas that Schumpeter introduced in his seminal period before World War I. Whatever may be the academic mainline trend in economics, two policy-oriented 'disequilibrium' schools have flourished and still thrive: one stresses the need for social redistribution as a counterweight to a negative propensity to unemployment; the other emphasizes the explicit roles of the dynamic entrepreneur, innovation and stressful competition in stimulating economic growth. And while it is possible that the heyday of the demand-side 'age of Keynes' is passing, it also may be true that the time of the supply-side 'age of Schumpeter' is now emerging.

Table of Contents

Introduction Horst Hanusch
Development: theory and empirical evidence
Anti-Say's Law versus Say's Law: a change in paradigm
Schumpeter and technical change
Luck, necessity, and dynamic flexibility
Enterprise ownership and managerial behavior
Schumpeterian innovation, market structure, and the stability of industrial development
An evolutionary approach to inflation: prices, productivity, and innovation
Fiscal pressure on the 'tax state'
The role of government in changing industrial societies: a Schumpeter perspective
Following and leading
On the coming senescence of American manufacturing competence
Table of Contents provided by Publisher. All Rights Reserved.

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