Throughout this century, economics as a discipline has not
always been distinguished by its insightful treatment of temporal
and spatial considerations. The exponents of neoclassical synthesis
have often been criticized for failing to incorporate the dimension
of time into their machinations, and while the concept of space has
fared somewhat better, it still suffers from semantic debate.
Structural and/or sectoral considerations have also been lacking,
either encumbered by polemics or confounded by the inherited
simplicities of the stage theorists. This work, which applies the
analytical system of Joseph Schumpeter to spatial and structural
dimensions, attempts to explain the role played by change in
profit-seeking economies.
Following an introductory chapter that offers a brief
description of the Schumpeterian dialectic and its explanation of
how change occurs over time under capitalism, the book is divided
into three main secions. The first addresses spatial
considerations, covering ways in which Schumpeter's analysis can be
applied to local and regional contexts in advanced economies; the
dialectic in international economic processes, particularly the
effect of multinational businesses on individual economies; and
development prospects for Third World nations. Section two focuses
on the structural dimension, specifically the emergence of service
industries and Schumpeter's fears for the survival of capitalism. A
hybrid overview of pole theory is also included. The final section
offers reflections and a summary, and includes an assessment of the
role of government in aiding or impeding change and an illustration
of what governments can and cannot do to change their economies in
the face of automatic capitalistic processes. This work will be a
valuable reference source for courses in economic theory, economic
policy, and political science as well as a useful addition to
college, university, and public libraries.
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