© 1987

Innovation Patterns in Crisis and Prosperity

Schumpeter’s Long Cycle Reconsidered


Table of contents

  1. Front Matter
    Pages i-xviii
  2. Introduction

    1. Alfred Kleinknecht
      Pages 1-14
  3. The Long Wave: A Real Phenomenon?

    1. Front Matter
      Pages 15-15
    2. Alfred Kleinknecht
      Pages 17-50
  4. Long Waves in Radical Innovations?

  5. Innovation and Growth Patterns in the Postwar Upswing

  6. Back Matter
    Pages 215-235

About this book


With the economic problems facing Western economics during the last decade, theories about an alleged forty-five to sixty years' pulsation in economic life (the Kondratieff-Schumpeter cycle) have experienced a remarkable renaissance. Based on a new econometric test method, the author argues that long waves can be identified not only in price series but also in the aggregate output of a number of key industrialized countries. The author's own research corroborates Schumpeter's hypothesis that, far from being caused by a flash of genius, radical innovations occur in clusters, interacting with economic fluctuations and social change.


econometrics economics Schumpeter

Authors and affiliations

  1. 1.Limburg UniversityMaastrichtThe Netherlands

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