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"STATICS" AND "DYNAMICS" SCHUMPETERIAN PARADIGM OF ECONOMIC SYSTEM AND ITS PRACTICAL IMPLICATION
Journal: Bulletin of Taras Shevchenko National University of Kyiv. Economics (Vol.145, No. 4)Publication Date: 2013-04-01
Authors : Y. Bazhal;
Page : 5-8
Keywords : Schumpeter’s theory of economic development; technological paradigm; innovation policy;
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Abstract
This paper analyzes fundamental features of Schumpeter’s theory of economic development which distinguish two different types of economy ? statics and dynamics. Such methodology unlike of neoclassical approaches gives a new vision of driving forces of modern economic development with a crucial role of the innovation technological change.
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