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Theory of Economic Development
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TLDR
The theory of economic development was first published in 1911 by Schumpeter as discussed by the authors, who argued that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on logic and provide structure for understanding fact.Abstract:
Schumpeter proclaims in this classical analysis of capitalist society first published in 1911 that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on logic and provide structure for understanding fact. Of those who argue against him, Schumpeter asks a fundamental question: "Is it really artificial to keep separate the phenomena incidental to running a firm and the phenomena incidental to creating a new one?" In his answers, Schumpeter offers guidance to Third World politicians no less than First World businesspeople. In his substantial new introduction, John E. Elliott discusses the salient ideas of The Theory of Economic Development against the historical background of three great periods of economic thought in the last two decades.read more
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Dynamic capabilities and strategic management
TL;DR: The dynamic capabilities framework as mentioned in this paper analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change, and suggests that private wealth creation in regimes of rapid technology change depends in large measure on honing intemal technological, organizational, and managerial processes inside the firm.
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Social Capital, Intellectual Capital, and the Organizational Advantage
Janine Nahapiet,Sumantra Ghoshal +1 more
TL;DR: In this article, the authors present a model that incorporates this overall argument in the form of a series of hypothesized relationships between different dimensions of social capital and the main mechanisms and proces.
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Value creation in E-business
Raphael Amit,Christoph Zott +1 more
TL;DR: In this article, the authors explore the theoretical foundations of value creation in e-business by examining how 59 American and European e-Businesses that have recently become publicly traded corporations create value.
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Capitalism, socialism and democracy
TL;DR: In this article, the authors argue that the conflict between capitalism and socialism is not necessarily in competition or conflict with each other, at least not conceptually (whether they could in practice coexist with one another is a different and empirical question).
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Technological transitions as evolutionary reconfiguration processes: a multi-level perspective and a case-study
TL;DR: In this paper, the authors address the question of how technological transitions (TT) come about and identify particular patterns and mechanisms in transition processes, defined as major, long-term technological changes in the way societal functions are fulfilled.
References
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The Colonial Origins of Comparative Development: An Empirical Investigation
TL;DR: Acemoglu, Johnson, and Robinson as discussed by the authors used estimates of potential European settler mortality as an instrument for institutional variation in former European colonies today, and they followed the lead of Curtin who compiled data on the death rates faced by European soldiers in various overseas postings.