Innovation Patterns in Crisis and Prosperity - Schumpeter's Long Cycle Reconsidered (Paperback, 1st ed. 1987)

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.

General

Imprint:	Palgrave Macmillan
Country of origin:	United Kingdom
Release date:	1987
First published:	1987
Authors:	A. Kleinknecht
Dimensions:	216 x 140 x 15mm (L x W x T)
Format:	Paperback
Pages:	235
Edition:	1st ed. 1987
ISBN-13:	978-1-349-18561-0
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy
LSN:	1-349-18561-2
Barcode:	9781349185610

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