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Innovation and Growth: Schumpeterian Perspectives
Innovation and Growth Schumpeterian Perspectives Author:F. M. Scherer These sixteen essays are drawn from a body of work strongly influenced by the thought of Joseph A. Schumpeter. They are particularly appropriate in a time when low rates of growth have become the norm in the Western world and much of the economic debate focuses on prescriptions for industrial regeneration. — Each essay tests hypotheses derived fr... more »om the Schumpeterian propositions that technological innovation gives capitalist economies their peculiar dynamics through a process of "creative destruction," that technological progress has radically increased real income per capita in Western industrialized nations, and that monopoly market structures and their pursuit are a powerful engine of technological progress.
F.M. Scherer is Professor of Economics at Swarthmore College and author of Industrial Market Structure and Economic Performance, a leading text in industrial organization.« less