Innovation in the capitalist process: A critique of the schumpeterian theory

Abstract

I. Introduction, 417. — II. Industrial research and development: invention and innovation, 418. — III. Schumpeter’s theory of innovation, 421. — IV. Conclusion: innovation a normal business procedure, 427. Copyright, 1951, by the President and Fellows of Harvard College. © 1951, Oxford University Press. All rights reserved.