Innovation and Growth: Schumpeterian Perspectives.

SCHERER, F.M.

Item Number: 47955

Cambridge: The MIT Press, 1984.

First edition of this collection of essays regarding the work of Joseph Schumpeter. Octavo, original cloth. Presentation copy, inscribed by the author on the title page, “For John Rogers with best wishes, F.M. Scherer. Fine in a near fine dust jacket.

These sixteen essays are drawn from a body of work strongly influenced by the thought of Joseph A. Schumpeter. They are particularly appropriate in a time when low rates of growth have become the norm in the Western world and much of the economic debate focuses on prescriptions for industrial regeneration. Each essay tests hypotheses derived from the Schumpeterian propositions that technological innovation gives capitalist economies their peculiar dynamics through a process of "creative destruction," that technological progress has radically increased real income per capita in Western industrialized nations, and that monopoly market structures and their pursuit are a powerful engine of technological progress.