This paper provides a multifaceted review and analysis of the Schumpeter's Theory of
Economic Development and specifically the creative destruction effect intertwined with the …

This paper advances five linked and controversial propositions that have both deep
historical roots and urgent contemporary relevance. These are:(a) the rebound effects from …

This paper postulates the existence of a growth imperative in capitalist economies. The
argument is based on a simple circular flow model of a pure credit economy, where …

O presente artigo discute o papel dos bancos de desenvolvimento (BD) no financiamento
de longo prazo das economias, assim como a importância deles para o desenvolvimento …

The term animal spirits has returned to academic and public discourse in a way which
departs significantly from the original use of the term by Keynes. The new behavioural …

The purpose of this paper is to show that Schumpeter can offer important insights for
macroeconomic theory today. This applies especially to his distinction between a “real …

The nexus between the financial system and economic development is an issue that is as
important for economic theory as it is for economic policy. This article provides a theoretical …

Although in the Schumpeterian process of entrepreneurial innovations money and financial
markets are assumed to affect economic development, Schumpeter does not explicitly study …

This paper argues that money and finance are not sufficiently integrated into the research
agenda of evolutionary economic geography (EEG). I identify two dimensions of Joseph …

Economists have rightly been criticized for not having foreseen the crisis that exploded in
2007–2008. As Giancarlo Bertocco eloquently argues, responsibility does indeed rest …