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Innovation and Business Cycles

Agnès Festré

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Abstract: The main purpose of this chapter is to assess the originality of Schumpeter's theory of business cycles. The first section outlines the distinctive features of Schumpeter's approach to business cycles and economic dynamics. Section two looks at the mechanisms constituting the cycle in Schumpeter's two major contributions on this subject, the Theory of Economic Development (1911) and Business Cycles (1939).

Keywords: Business cycles; Schumpeter; economic development (search for similar items in EconPapers)
Date: 2002
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00271362
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Published in R. Arena and C. Dangel-Hagnauer. The Contribution of Joseph Schumpeter to Economics: Economic Development and Institutional Change, Routledge, pp.127-145, 2002

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