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Innovation and Business Cycles

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  • Agnès Festré

    ()
    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - CNRS : UMR6227 - Université de Nice Sophia-Antipolis)

Abstract

The main purpose of this chapter is to assess the originality of Schumpeter's theory of business cycles. The first section outlines the distinctive features of Schumpeter's approach to business cycles and economic dynamics. Section two looks at the mechanisms constituting the cycle in Schumpeter's two major contributions on this subject, the Theory of Economic Development (1911) and Business Cycles (1939).

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File URL: http://halshs.archives-ouvertes.fr/docs/00/27/13/62/PDF/Innovation_cycles_Schumpeter.pdf
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Bibliographic Info

Paper provided by HAL in its series Post-Print with number halshs-00271362.

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Date of creation: 2002
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Publication status: Published, The Contribution of Joseph Schumpeter to Economics: Economic Development and Institutional Change, Routledge (Ed.), 2002, 127-145
Handle: RePEc:hal:journl:halshs-00271362

Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00271362/en/
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Keywords: Business cycles ; Schumpeter ; economic development;

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  1. Ulrich Witt, 2006. "Evolutionary Economics," Papers on Economics and Evolution 2006-05, Max Planck Institute of Economics, Evolutionary Economics Group.
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