Introduction to Chris Freeman’s “Schumpeter’s ‘Business Cycles’ Revisited”

Alan Freeman

European Journal of Economic and Social Systems, 2015, vol. 27, issue 1-2, 37-46

Abstract: Chris Freeman’s lecture represents an invaluable guide to Schumpeter’s theoretical framework. Two of the many themes deserve special attention. The first is the apparent contradiction between Schumpeter’s attachment to Walrasian equilibrium, and his advocacy of a theory of cyclic economic movement. The second is the economic role of institutions.

Keywords: Schumpeter; Chris Freeman; economic history; growth and fluctuations; long waves; technological revolutions; capitalist system; heterodox economics (search for similar items in EconPapers)
JEL-codes: A00 B00 F31 O30 (search for similar items in EconPapers)
Date: 2015
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