Αυθεντικό κείμενο - Αγγλικά - The Marx-Shumpeter model was not intended as a...

The Marx-Shumpeter model was not intended as a model of industrial dynamics; its primary purpose was to explain long run economic change, what Shumpeter called " development." The core of the argument was that technological competition is the major form of competition under capitalism (and firms not responding to these demands fail),