Journal article | Zeitschriftenartikel
Innovations and Profits Schumpeter and the Classical Heritage
The paper discusses the problem of innovations and profits from a Schumpeterian perspective using the analytical tools of modern classical economics. The concept of “circular flow” is formalised and Schumpeter's zero-profits assumption investigated. Next a typology of process innovations is discussed using a simple two-sector framework. In Schumpeter profits are transitional phenomena. In the conditions contemplated, increases in labor productivity will lead to rising real wages. The argument is generalized to product-cum-process innovations in systems with joint production where a bad that is costly to dispose of is transformed into a good that can be marketed profitably.
- Umfang
-
Seite(n): 263-278
- Sprache
-
Englisch
- Anmerkungen
-
Status: Postprint; begutachtet (peer reviewed)
- Erschienen in
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Journal of Economic Behavior & Organization, 67(1)
- Thema
-
Wirtschaft
Soziologie, Anthropologie
Wirtschaftssoziologie
Allgemeines, spezielle Theorien und Schulen, Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften
- Ereignis
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Geistige Schöpfung
- (wer)
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Kurz, Heinz D.
- Ereignis
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Veröffentlichung
- (wo)
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Vereinigtes Königreich
- (wann)
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2008
- DOI
- URN
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urn:nbn:de:0168-ssoar-253833
- Rechteinformation
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Letzte Aktualisierung
-
21.06.2024, 16:27 MESZ
Datenpartner
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Objekttyp
- Zeitschriftenartikel
Beteiligte
- Kurz, Heinz D.
Entstanden
- 2008
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