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Innovation and Business Cycles


  • Agnès Festré

    () (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - UCA - Université Côte d'Azur - CNRS - Centre National de la Recherche Scientifique)


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).

Suggested Citation

  • Agnès Festré, 2002. "Innovation and Business Cycles," Post-Print halshs-00271362, HAL.
  • Handle: RePEc:hal:journl:halshs-00271362
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    References listed on IDEAS

    1. Ulrich Witt, 2006. "Evolutionary Economics," Papers on Economics and Evolution 2006-05, Philipps University Marburg, Department of Geography.
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