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| Author: | Chaloupek, G. |
| Title: | The concept of maturity and the transformation of economic systems |
| Journal: | Review of Political Economy
1994 : OCT, VOL. 6:4, p. 430-440 |
| Index terms: | ECONOMIC SYSTEMS KEYNESIAN SCHOOL ECONOMICS |
| Language: | eng |
| Abstract: | In economics, "maturity" essentially means that an economic system (or part of a system) is ripe to be transformed into something else or heading towards decline. Contrary to expectations, based on these concepts, economic development after the Great Depression has not been characterized by stagnation or transition to planned economy. Instead, the dynamics of innovation were strong enough to prevent the economy from becoming "mature". |
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