Innovation and Business Cycles

Agnès Festré (1)

1 GREDEG - Groupe de Recherche en Droit, Economie et Gestion

The main purpose of this chapter is to assess the originality of Schumpeter's theory of business cycles. The first section outlines the distinctive features of Schumpeter's approach to business cycles and economic dynamics. Section two looks at the mechanisms constituting the cycle in Schumpeter's two major contributions on this subject, the Theory of Economic Development (1911) and Business Cycles (1939).

Mots clés: Business cycles; Schumpeter; economic development

Domaines: Economies et finances

Agnès Festré. Innovation and Business Cycles. R. Arena and C. Dangel-Hagnauer. The Contribution of Joseph Schumpeter to Economics: Economic Development and Institutional Change, Routledge, pp.127-145, 2002. ⟨halshs-00271362⟩