Affiliation:
1. Yeditepe University, Department of International Trade and Business, İstanbul, Turkey
2. Yildiz Technical University, Department of Economics, İstanbul, Turkey
Abstract
Joseph A. Schumpeter suggested two models about the evolution process of capitalist societies. The article aims to specify the essential roles of these models in discussions about the modern firm theories and the development of integrated economic growth and international trade theory. In this context, this article aims to evaluate these developments and point out their role in bridging the gap between micro-economics and macroeconomics. The Schumpeterian framework, as a bridge, provides us a very productive base to discuss the connections among entrepreneurs, firms, innovation, economic growth, and international trade.
Publisher
National Library of Serbia
Subject
General Economics, Econometrics and Finance
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