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Article . 2018
License: CC BY
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Article . 2018
License: CC BY
Data sources: Datacite
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Creative Destruction or Deficit Spending: Schumpeter Vs Keynes

Authors: Scarnicci, Manuela Ciani; Laino, Antonella;

Creative Destruction or Deficit Spending: Schumpeter Vs Keynes

Abstract

The Schumpeterian hypothesis tells us that there is a close relationship between innovation and market structure: only companies that have market power, at best the monopolist, can support the costs related to innovation, indeed, is the innovation itself determines that a monopoly position, the defense of which brings further innovation a virtuous circle. Also, after 2008 a lot of economists of the past made a comeback. Indeed, after this phase, everybody acclaimed John Maynard Keynes’s theories (1883- 1946). The crisis of 2011, with strong budgetary deficits of different countries, neglected Keynes’s theories, not because these ones are wrong, but only because at the moment, they lack in applicability. In today’s world, we need pragmatism. An author, on the other hand, who should be considered to urge the economy during this new crisis is Joseph Alois Schumpeter

Keywords

Schumpeterian hypothesis, innovation, monopoly, deficit spending

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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green