Innovation, Real Primary Commodity Prices and Business Cycles
Schumpeter emphasizes the role of innovation in explaining long-run economic development. This contrasts to the emphasis on scarcity in classical and neoclassical models. Our research shows the fruitfulness of Schumpeter’s approach in explaining movements in real prices of primary commodities since...
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| Format: | Book Chapter |
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Springer-Verlag Berlin Heidelberg
2013
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| Online Access: | http://hdl.handle.net/20.500.11937/30114 |