F. M. Scherer

A review of Schumpeter's take on economic growth. Multiple sections summarizing different aspects of research on economics and industrial innovation. It is definitely an academic work, with accessible math treatments of various topics. Chapters on the steam engine and the ready-to-eat cereal industry.

Section IV, The problem of declining economic growth, is where I'm focusing now, and it describes factors contributing to stagnant economic growth.

25 years later, it's probably time to see if a 'sequel' is in order - it would be worth building and testing models some of the ideas represented in the book, since we're in a post-innovation phase of "creative destruction" of old business models (like mass advertising for mass-market products)… (mehr)