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INNOVATION PATTERNS IN CRISIS AND PROSPERITY: SCHUMPETER'S LONG CYCLE RECONSIDERED

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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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Availability

10001162

338.5 KLE i

RLC MM (Rak Buku Umum)

Available

Detail Information

Series Title

-

Statement of Responsibility

Alfred Kleinknecht

Call Number

338.5 KLE i

Publisher

London : The Macmillan Press., 1987

Collation

xviii, 235 p. : ill. ; 23 cm.

Language

English

ISBN/ISSN

0-333-51191-3

Classification

338.5

Content Type

-

Edition

1st. ed.

Subject(s)

Buku Umum
Long Waves (Economics)

Specific Detail Info

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