Stalemate in Technology: Innovations Overcome the Depression

activity areas basic inventions become Brno business cycle capital Chapter consumer countries crises curve demand depression division of labor echo effect economists electrophysics employment Eurodollar evolutionary example expansionary Figure Frequency German growth holography hyperindustrialization implemented improvement innovations increase Industrial Revolution industrialized nations inflation inno innovation process innovative change innovative surges Inventions to Basic Kindelberger knowledge transfer Lead liquidation theory market economy market power ment metamorphosis model modern monetary needs nomic number of basic occurred patent system pattern percent periods phase practice problem production profits prosperity pseudo-innovations radical Schumpeter scientific sectors seniority principle situation social innovations society socioeconomic speed stagflation stagnation and innovation stalemate in technology stream of basic sumer surge of innovations surges of basic swell of basic T.S. Kuhn Table technological basic innovations technological stalemate tempo tion traditional transfer of knowledge transition West Germany Western