Schumpeter's price theory

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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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Bibliographic Details
Main Author:	Bloch, Harry
Other Authors:	Gregory C G Moore
Format:	Conference Paper
Published:	The History of Economic Thought Society of Australia 2009
Subjects:	Schumpeter economic development prices
Online Access:	http://hdl.handle.net/20.500.11937/5765

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