Tag: Schumpeter

Before the development of formal price theory in the early twentieth century, which included the invention of the theory of “perfect” competition, economists held...

This paper explores how to elevate the importance of innovation and dynamic competition in antitrust enforcement. It explains that neglect of innovation stems from...

By Joseph V. Coniglio1   “All becoming and growing — all that guarantees a future — involves pain.”2 Something like this may be said of U.S....

From the Editor David Evans, Nov 01, 2008 From the Editor: Autumn 2008 Over 90 percent of antitrust litigation in the United States is filed by private...

Herbert Hovenkamp, Nov 01, 2008 Joseph Schumpeter´s vision of competition saw it as a destructive process in which effort, assets, and fortunes were continuously destroyed...

Christian Ewald, Nov 01, 2008 It seems fairly unlikely that the seminal papers of Professor Joseph A. Schumpeter would today have a good chance to...

This article is part of a Chronicle. See more from this Chronicle Philip Lowe, Jul 12, 2008 Innovation and competition go hand in hand. Innovative markets...