The main purpose of this paper is to investigate two famous postulates of the Schumpeter hypothesis and its implications for the U.S. economy. Analytically, we investigate whether sector size matters for sectoral (i) technological change and (ii) stability, as expressed through the relevant...

Despite the fact that the U.S. food sector is a key component of U.S. manufacturing, it has attracted limited attention in the literature, so far. In fact, the recent food crisis shed some light on different aspects of the food sector, its products and its influence on millions of people. The...

As we know, Joseph Alois Schumpeter is one of the greatest economists of all times, while Thorstein Veblen is an economist and sociologist who made seminal contributions to the social sciences. Pierre Bourdieu, meanwhile, is one of the most famous structural sociologists, who has consistently...

Purpose: This research paper uses a novel methodological approach to investigate the spillover effects among the key sectors of the US economy. Design/methodology/approach: The paper links the US sectors via a node theoretic scheme based on a general equilibrium framework, whereas it estimates...

Purpose – The purpose of this paper is to deal with questions of instability and economic crises, deriving theoretical arguments from Marx's and Schumpeter's works and presenting relevant empirical evidence for the case of the US food manufacturing sector. Design/methodology/approach – The...