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American Economic Review 1983

The age of Schumpeter

Herbert Giersch

Abstract

The centenary of Schumpeter's birth coincides with a revival of Schumpeterian economics. Could the third quarter of this Century justly be called the age of Keynes (Hicks, 1974), the fourth quarter has a fair chance of becoming the age of Schumpeter. Before giving substance to this proposition, I shall present a Short introduction to Schumpeter's life, work and paradigm.

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