Schumpeter's profoundly influential work developed the notion of the endogeneity of technology, and offered illuminating historical analyses of how and why some social systems have managed to generate innovation. This new interpretation explores Schumpeter's central ideas, and examines the ways in which the concept of endogeneity can illuminate rec

Explores Schumpeter's views as an economist who was, long ago, committed to the notion of the endogeneity of technology.

Offers an insight into the life and work of Joseph A Schumpeter. Bringing together a collection of his essays, this work provides an overview of Schumpeter's life, his work and methodological approach.

A detailed analysis of Schumpeter's legacy and the impact of his thought on both theory and empirical work

Combines Schumpeter's theory and modern economics to give a new view of innovation in small and large firms

Schumpeter proclaims in this classical analysis of capitalist society first published in 1911 that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on logic and provide structure for understanding fact. Of those who argue against him, Schumpeter asks a fundamental question: "Is it really artificial to keep separate the phenomena incidental to running a firm and the phenomena incidental to creating a new one?" In his answers, Schumpeter offers guidance to Third World politicians no less than First World businessman. In his substantial new introduction John E. Elliott discusses the salient ideas of The Theory of Economic Development against the historical background of three great periods of economic thought in the last two decades.

This title was first published in 2003. Bringing together contemporary innovation pattern theories inspired by the two original patterns developed by Joseph A. Schumpeter, this book develops an innovative new model of long wave aggregate level economic activity. This model is rigorously tested with post-war US manufacturing data, revealing an intriguing correlation between the data and the model. The book examines different theories of technological change, and provides a detailed account of the long wave which makes use of the relevant aspects of these theories, without betraying their main features and messages. These theories are synthesized and shown to be consistent with the development of post-war US manufacturing. Shedding light on the dynamics of the technological advances that have taken place in the last 20 years, economists and students alike will find this volume an invaluable read.