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Innovation and Growth: Schumpeterian Perspectives

Author

Listed:
  • F. M. Scherer

    (Harvard University)

Abstract

These sixteen essays are drawn from a body of work strongly influenced by the thought of Joseph A. Schumpeter. They are particularly appropriate in a time when low rates of growth have become the norm in the Western world and much of the economic debate focuses on prescriptions for industrial regeneration. Each essay tests hypotheses derived from the Schumpeterian propositions that technological innovation gives capitalist economies their peculiar dynamics through a process of "creative destruction," that technological progress has radically increased real income per capita in Western industrialized nations, and that monopoly market structures and their pursuit are a powerful engine of technological progress.

Suggested Citation

  • F. M. Scherer, 1986. "Innovation and Growth: Schumpeterian Perspectives," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691027, December.
    • Handle: RePEc:mtp:titles:0262691027
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    More about this item

    Keywords

    Joseph A. Schumpeter; creative destruction; technological innovation;
    All these keywords.

    JEL classification:

    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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