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| Author: | Kornai, J. |
| Title: | Innovation and dynamism Interaction between systems and technical progress |
| Journal: | Economics of transition
2010 : OCT, VOL. 18:4, p. 629-670 |
| Index terms: | systems analysis capitalist economic system socialist economics innovation |
| Freeterms: | technical progress schumpeterian entrepreneurship |
| Language: | eng |
| Abstract: | The article analyzes how far the radical difference can be explained by the innate tendencies and basic attributes of the two systems. The author expounds the topic that one of capitalism's main virtues is the strong incentive it gives to dynamism, enterprise and the innovation process. Every revolutionary new product (for civilian use) has been brought about by the capitalist system. The socialist system was capable at most of developing new military products. Thus,the paper focuses on the causal relation between the capitalist system and rapid technical progress. |
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