Abstract
It is almost a miracle. The pace of innovation and change would be staggering to contemplate, if we didn’t happen to find ourselves smack dab in the middle of it.
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Notes
Schumpeter, Joseph A. The Theory of Economic Development. Cambridge: Harvard University Press. (New York: Oxford University Press, [1934] 1961.) First published in German, 1912.Schumpeter predated Keynes as he sought to understand why economies do not remain on an even keel, and instead oscillate up and down over time, but hopefully on an increasing trend.
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© 2009 Colin Read
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Read, C. (2009). Progress Marches On. In: Global Financial Meltdown. Palgrave Macmillan, London. https://doi.org/10.1057/9780230595187_8
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DOI: https://doi.org/10.1057/9780230595187_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-30770-8
Online ISBN: 978-0-230-59518-7
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