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- Title
Smithian Growth Versus Schumpeterian Growth: The preconditions for both are being globally obliterated.
- Authors
CONNOLLY, BERNARD
- Abstract
The article offers information on the Smithian Growth vs. Schumpeterian Growth regarding the global economy. Topics discussed include focus of the Smithian growth on establishing the legal, political, and institutional conditions for trade both internal and external; Schumpeterian growth emphasizing "creative destruction" via technological innovation; and imperial ambition and rivalry between empires hamper Smithian growth via a process of "de-globalization".
- Subjects
INTERNATIONAL economic relations; STAGNATION (Economics); GERMAN occupation of France, 1940-1945
- Publication
International Economy, 2019, Vol 33, Issue 3, p35
- ISSN
0898-4336
- Publication type
Article