Cycles, Crises and Innovation

Download or read book Cycles, Crises and Innovation written by Jerry Courvisanos and published by Edward Elgar Pub. This book was released on 2012 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Cycles, crises and innovation are the major economic forces that shape capitalist economies. Using a critical realist political economy approach, the analysis in this fine work is based on the works of Michal Kalecki and Joseph Schumpeter - both of whom identify these three dynamic forces as plotting the path of economic development. Jerry Courvisanos' thought-provoking book examines how the rise of capital through investment enshrines innovation in profit and power which in turn determines the course of cycles and crises." -- Back cover.