Malawski, Andrzej; Wörter, Martin - KOF Swiss Economic Institute, Department of Management, … - 2006
The purpose of the paper is to impose the diversity structure on the Schumpeterian evolution modelled axiomatically within a dynamical system approach to the Arrow- Debreu theory of general equilibrium. In this framework two basic forms of economic life studied by Schumpeter, i.e., the circular...