Abstract
Initially, we focus on innovation and declining returns. Following this, Veblen’s evolutionary approach is explored, and then the Austrians and another important thinker of economic thought, J. Schumpeter, and his contribution to entrepreneurship are described. Finally, the concepts of demand, expectation, and uncertainty are approached through Keynes’ General Theory.
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Petrakis, P.E. (2020). The Sources of Growth from the Beginning of Economics to the Emergence of the New Era: Equilibrium, Evolutionary Development, Schumpeter and Keynes. In: Theoretical Approaches to Economic Growth and Development. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-50068-9_11
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DOI: https://doi.org/10.1007/978-3-030-50068-9_11
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