Behavioral Norms, Technological Progress, and Economic Dynamics: Studies in Schumpeterian Economics

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Ernst Helmstädter, Mark Perlman, Associate Professor of Philosophy Mark Perlman
University of Michigan Press, 1996 - Economic development. - 453 pages
The "mind set" of Schumpeterian economics, that is, empirical studies of dynamic competition and contemporary changes in national economic systems, is the principal topic of this collection of essays by an international cast of scholars. There are some who believe that the age of Schumpeter has now replaced the age of Keynes. Schumpeter was interested in dynamic economics rather than the economics of stagnation; in the economics of the creation of wealth rather than the economics of the redistribution of wealth; in the economics of technological innovation rather than the economics of industrial management. The major thrust of the volume, then, concerns studies of industrial change with emphasis both on analysis of the impact of innovation and on the interrelatedness of industries viewed through the process of innovation. The essays maintain the standard of originality and rigor of analysis for which the earlier volumes from the Schumpeter Society have come to be known.
 

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Contents

Introduction
1
Laying Rumors to Rest
9
The Imagined Deemed Possible
17
Bounded Rationality Social Learning and Viable Moral
33
Schumpeterian Competition and Social Welfare
51
A Divisionof
97
A Schumpeterian
121
Turbulence and Economic Growth
137
LearningbyDoing and International Trade
247
Lessons from German Experience
301
Durability Learning
315
Modeling
331
Economic Evolution and Transformation of
355
An Overview
371
Financial Institutions Economic Policy and the Dynamic
393
Monetary Aspects
413

Destruction in the Fortune List 196387
151
Production Workers Metainvestment and the Pace
183
Contributors
439
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