Creative Destruction and Aggregate Productivity Growth (Third Quarter 2008 Business Review)
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چکیده
www.philadelphiafed.org steadily in the postwar U.S.1 economy, indicating that the economy has become wealthier over time. The smooth rise of productivity shown in the figure might suggest that all firms partake equally in the nation’s productivity growth. Joseph Schumpeter (1883-1950), one of the most influential economists of the 20th century, observed that anyone who thought so would completely miss the “essential fact about capitalism,”2 which, he argued, is the process of P BY SHIGERU FUJITA Creative Destruction and Aggregate Productivity Growth*
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تاریخ انتشار 2008