Work detail

Schumpeter’s theory of business cycle

Author: Bc. Jiří Jansa
Year: 2008 - summer
Leaders: † prof. Ing. Milan Sojka CSc.
Consultants:
Work type: Bachelors
Language: Czech
Pages: 59
Awards and prizes:
Link:
Abstract: This thesis concerns theory of business cycles of economist Joseph A. Schumpeter. In the first part, I present some thesis of Schumpeter, that don´t concern business cycle, but complete Schumpeter´s description of capitalism. In the second part I present Schumpeter´s theory of business cycle – influence of innovation on business cycle.
After the presentation of Keynes´s theory from his book General theory of employment, interest and money, I compare Schumpeter´s theory to the theory of Keynes. In the next section, I link together both theories stating that they are complementary to each other.
In the final section, I draw the attention to the difference of the economic value acquired from the stationary economy to the same economic value acquired from the dynamic economy.
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