Schumpeterian business cycles: past, present and future

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F11%3APU93806" target="_blank" >RIV/00216305:26510/11:PU93806 - isvavai.cz</a>

Result on the web

—

DOI - Digital Object Identifier

—

Result language

angličtina

Original language name

Schumpeterian business cycles: past, present and future

Original language description

This paper uses the theoretical framework developed by Joseph A. Schumpeter to examine the contemporary kinds of innovations and this way, contribute in searching for the next major one. Schumpeter in his theory of the economic development criticised authors who based the explanation of economic theory on equilibrated state because there are always dynamic processes in economy which cannot be described this way. So he came with an entrepreneur and his role, importance and impact on the business cycles.Actually, the business cycles are the most important contribution to the economic theory. He processed three types of waves with graduated impact on economy and showed that superimposition of those waves leads to explanation as well as certain kind of prediction of development in real economy. The paper closer refreshes Schumpeter's theory and tries to help in searching for the next wave with major impact on economy. Once, when this major wave will be definitively recognised there can be

Czech name

—

Czech description

—

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

—

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2011

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Economics and management-2007

ISSN

1822-6515

e-ISSN

—

Volume of the periodical

2011

Issue of the periodical within the volume

16

Country of publishing house

LT - LITHUANIA

Number of pages

7

Pages from-to

1068-1074

UT code for WoS article

—

EID of the result in the Scopus database

—