Economics Dictionary of ArgumentsHome
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| Progress: Progress is the forward movement towards a desired goal. It can be measured through technological advancement, social change, or personal development. See also Process, Change, Measurements, Learning, Stages of development._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Joseph A. Schumpeter on Progress - Dictionary of Arguments
Sobel I 24 Progress/Schumpeter/Sobel/Clemens: Another insight from Schumpeter that was well ahead of his time was the recognition of the role of diffusion of the initial innovation. Schumpeter envisioned a process whereby the initial innovation was replicated by other entrepreneurs within the sector but, during the course of the expansion, the benefits of the innovation begin to be diffused within the broader economy. * >Business cycle/Schumpeter, >Innovation/Schumpeter, >Competition/Schumpeter, >Creative destruction/Schumpeter, >Entrepreneurship/Schumpeter. * For more on the role of diffusion in Schumpeter's concept of the business cycle, which is a key factor in his conception of the expansionary phase of economic cycles, please see Aghion, Akcigit, and Howitt (2013)(1). 1. Aghion, Philippe, Ufuk Akcigit, and Peter Howitt (2013). What Do We Learn from Schumpeterian Growth Theory? Working Paper 18824. National Bureau of Economic Research. - - - Mause I 71 Progress/Schumpeter: In contrast to the neoclassical entrepreneur, who is an optimizer but does not produce any innovations, Schumpeter's entrepreneur is the motor of the process of "creative destruction" by creating product or process innovations that displace outdated products or processes. >Neoclassical economics._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconSchum I Joseph A. Schumpeter The Theory of Economic Development An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, Cambridge/MA 1934 German Edition: Theorie der wirtschaftlichen Entwicklung Leipzig 1912 Sobel I Russell S. Sobel Jason Clemens The Essential Joseph Schumpeter Vancouver 2020 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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