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Item Details
Title: INNOVATION PATTERNS IN CRISIS AND PROSPERITY
SCHUMPETER'S LONG CYCLE RECONSIDERED
By: Alfred Kleinknecht
Format: Hardback

List price: £132.00


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ISBN 10: 0333407458
ISBN 13: 9780333407455
Publisher: PALGRAVE MACMILLAN
Pub. date: 9 February, 1987
Pages: 235
Description: Theories about an alleged forty-five to sixty years' pulsation in economic life (the Kondratieff-Schumpeter cycle) have experienced a 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.
Synopsis: 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.
Illustrations: biography
Publication: UK
Imprint: Palgrave Macmillan
Returns: Returnable
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