WOW.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Joseph Schumpeter - Wikipedia

    en.wikipedia.org/wiki/Joseph_Schumpeter

    In Schumpeter's theory, Walrasian equilibrium is not adequate to capture the key mechanisms of economic development. Schumpeter also thought that the institution enabling the entrepreneur to buy the resources needed to realize his vision was a well-developed capitalist financial system, including a whole range of institutions for granting ...

  3. Capitalism, Socialism and Democracy - Wikipedia

    en.wikipedia.org/wiki/Capitalism,_Socialism_and...

    Capitalism, Socialism, and Democracy is a book on economics, sociology, and history by Joseph Schumpeter, arguably his most famous, controversial, and important work. It's also one of the most famous, controversial, and important books on social theory, social sciences, and economics —in which Schumpeter deals with capitalism, socialism, and creative destruction.

  4. Kondratiev wave - Wikipedia

    en.wikipedia.org/wiki/Kondratiev_wave

    Kondratiev's ideas were taken up by Joseph Schumpeter in the 1930s. The theory hypothesized the existence of very long-run macroeconomic and price cycles, originally estimated to last 50–54 years. In recent decades there has been considerable progress in historical economics and the history of technology, and numerous investigations of the ...

  5. Neo-Schumpeterian economics - Wikipedia

    en.wikipedia.org/wiki/Neo-Schumpeterian_economics

    Neo-Schumpeterian economics. Neo-Schumpeterian economics is a school of thought that places technological innovation at the core of economic growth and transformation processes. It is inspired by the work of Joseph Schumpeter who coined the term creative destruction for the continuous introduction of technological change that drives growth by ...

  6. Schools of economic thought - Wikipedia

    en.wikipedia.org/wiki/Schools_of_economic_thought

    Yet the Historical school forms the basis—both in theory and in practice—of the social market economy, for many decades the dominant economic paradigm in most countries of continental Europe. The Historical school is also a source of Joseph Schumpeter's dynamic, change-oriented, and innovation-based economics. Although his writings could be ...

  7. Entrepreneurship - Wikipedia

    en.wikipedia.org/wiki/Entrepreneurship

    Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneur ( French: [ɑ̃tʁəpʁənœʁ]) is an individual who creates and/or invests in one or more ...

  8. Development economics - Wikipedia

    en.wikipedia.org/wiki/Development_economics

    Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health ...

  9. Perspectives on capitalism by school of thought - Wikipedia

    en.wikipedia.org/wiki/Perspectives_on_capitalism...

    Later generations of followers of the Austrian School continued to be influential in Western economic thought through much of the 20th century. The Austrian economist Joseph Schumpeter, a forerunner of the Austrian School of economics, emphasized the creative destruction of capitalism—the fact that market economies undergo constant change.