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Erschienen in:
1990 | OriginalPaper | Buchkapitel
Creative Destruction among Industrial Firms in the United States
verfasst von : Bruce A. Kirchhoff
Erschienen in: The Economics of Small Firms
Verlag: Springer Netherlands
Enthalten in: Professional Book Archive
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There is a growing interest in dynamic modeling of capitalism as recent experience has demonstrated the importance of innovation in shaping the structure and growth rate of capitalist nations. Economists recognize that innovation by its nature describes a dynamic, evolutionary model of capitalism which is inadequately described by the equilibrium models which have dominated economic thought since the 19th century.