Author Description

"Joseph A. Schumpeter emphasized the crucial role that technological innovation and change play in generating economic growth; entrepreneurship as a driving force in the achievement of innovation; and the process of creative destruction through which innovation constantly reshapes the very market structure out of which it arises." "In this volume, a number of essays consider, in the Schumpeterian tradition, the decline in average rates of productivity growth that most of the world's industrial economies have experienced since the early 1970s. A group of leading international scholars exlores this critical issue in terms of the fundamental linkages among economic growth, innovation, and entrepreneurship that may underlie at least a part of the observed productivity growth slowdown."--BOOK JACKET.