Innovation Patterns in Crisis and Prosperity: Schumpeter's Long Cycle Reconsidered (Paperback) (ISBN-13: 9781349185610)

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.

Author: A. Kleinknecht
ISBN-10: 1349185612
ISBN-13: 9781349185610
Publisher: Palgrave MacMillan
Language: English
Published: 01/01/1987
Pages: 235
Format: Paperback
Weight: 0.72lbs
Size: 8.50h x 5.50w x 0.58d