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Feb 3, 2022 · Joseph Schumpeter made pioneering contributions to economic theory on the relationship between the financial system and economic growth. However, the economic literature has often misinterpreted his work, particularly on the importance of banks and liquidity creation for development.
Florida State University. Schumpeter's writings on the transition from capitalism to socialism, on innovative entrepreneurship, on business cycles, and on the modern corporation have attracted much attention among social scientists.
Oct 30, 2012 · In his TED Schumpeter put forth his theory of innovation driven economic development as a complement, not a substitute, for the classical and emerging neoclassical theories of how prices and the allocation of resources were determined, which were oriented to conditions of economic equilibrium.
- Richard R. Nelson
- rrn2@columbia.edu
- 2012
Oct 23, 2012 · This article sheds light on the impact of Schumpeter’s Theory of Economic Development over the last 100 years, and identifies insights from that work that are less well-known, but that have the potential for informing current developments in evolutionary economics.
- Markus C. Becker, Thorbjørn Knudsen, Richard Swedberg
- 2012
Jul 17, 2024 · Joseph Schumpeter and Alfred Marshall pioneered the study of innovation and entrepreneurship as key forces of economic development. This article offers an overview of key ideas developed by these influential economists in works published between 1890 and 1944.
Feb 4, 2017 · Abstract. The main argument put forward in the paper is that the recent neo-Schumpeterian literature, while providing fundamental contributions to our understanding of innovation, has contributed to the emergence of an optimistic reading of the relationship between technology, economy, and society, with technology able to guarantee strong ...
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This article gives a centenary appreciation of the contributions to economic thought of Joseph A. Schumpeter, with special focus on his work, The Theory of Economic Development (TED).
