Waves of economical development and their connections with innovation growth

  • Elitza Petrova National Military University
Keywords: innovation, innovative growth, economical waves

Abstract

Innovation is the topic of discussion and debate for hundreds of years. In the 19th century economists and historians note that the acceleration of economic growth is the result of technological progress. The first observations on it suggest that economic development is manifested in the form of waves of activity. Karl Marx offerеd innovation to be linked to economic growth.

The article discusses the wave theory of innovation proposed by Schumpeter, Kondratieff, Abernat.

Published
2015-03-28
How to Cite
Petrova, E. (2015). Waves of economical development and their connections with innovation growth. Postmodernism Problems, 5(1), 56-65. Retrieved from https://pmpjournal.org/index.php/pmp/article/view/89