Documents

Document 1

1. What are the specificities of economic development for Schumpeter? Le développement économique arrive tout seul : c'est un processus endogène. Le monde, la social life peuvent créer des fluctuations du développement économique. Il a un caractère spontanée et discontinu.

2. When changes happen in the social life, does it affects every part of it?

3. What is innovation and who is at the origin of this phenomenon? L'entrepreneur est la cause.

4. What is the influence of an innovation on the previous equilibrium? (You can make your own research to answer this question).

5. How does Schumpeter defines the “entrepreneur”, and how is the concept different than the “capitalist” one?