Schumpeter's price theory
Schumpeter distinguishes between the circular flow of economic activity and economic development. The former is characterised by equilibrium, while the latter involves discontinuous change. The price theory that Schumpeter associates with the circular flow is the well established Walrasian price sys...
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| Format: | Conference Paper |
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The History of Economic Thought Society of Australia
2009
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| Online Access: | http://hdl.handle.net/20.500.11937/5765 |