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Item Details
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CAPITALISM AND DEMOCRACY IN THE 21ST CENTURY
PROCEEDINGS OF THE INTERNATIONAL JOSEPH A. SCHUMPETER SOCIETY CONFERENCE, VIENNA 1998 "CAPITALISM AND SOCIALISM IN THE 21ST CENTURY" |
| By: |
Dennis C. Mueller (Editor), Uwe Cantner (Editor) |
| Format: |
Paperback |
| List price:
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£127.50 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
3790824801 |
| ISBN 13: |
9783790824803 |
| Publisher: |
SPRINGER-VERLAG BERLIN AND HEIDELBERG GMBH & CO. KG |
| Pub. date: |
19 October, 2010 |
| Edition: |
Softcover reprint of hardcover 1st ed. 2001 |
| Pages: |
384 |
| Synopsis: |
Joseph Schumpeter oscillated in his view about the type of economic system that was most conducive to growth. In his 1911 treatise, Schumpeter argued that a more decentralized and turbulent industry structure where the pro- cess of creative destruction was triggered by vigorous entrepreneurial ac- tivity was the engine of economic growth. But by 1942 Schumpeter had modified his theory, arguing instead that a more centralized and stable industry structure was more conducive to growth. According to Schum- peter (1942, p. 132), under the managed economy there was little room for entrepreneurship because, "Innovation itself is being reduced to routine. Technological progress is increasingly becoming the business of teams of trained specialists who turn out what is required to make it work in pre- dictable ways" (p. 132).Schumpeter (1942) reversed his earlier view by arguing that the integration of knowledge creation and appropriation be- stowed an inherent innovative advantage upon giant corporations, "Since capitalist enterprise, by its very achievements, tends to automize progress, we conclude that it tends to make itself superfluous - to break to pieces under the pressure of its own success. |
| Illustrations: |
33 black & white tables, biography |
| Publication: |
Germany |
| Imprint: |
Physica-Verlag GmbH & Co |
| Returns: |
Returnable |
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Ramadan and Eid al-Fitr
A celebratory, inclusive and educational exploration of Ramadan and Eid al-Fitr for both children that celebrate and children who want to understand and appreciate their peers who do.
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