Innovation patterns in crisis and prosperity : Schumpeter's long cycle reconsidered

書誌事項

Innovation patterns in crisis and prosperity : Schumpeter's long cycle reconsidered

Alfred Kleinknecht ; foreword by Jan Tinbergen

Macmillan, 1987

  • : hdc
  • : pbk

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注記

Bibliography: p. 221-229

Includes index

内容説明・目次

内容説明

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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