...apparatus swings round through their pressure. We do not deny the presence of this nexus. It is, however, the producer who as a rule initiates economic change,...those which they have been in the habit of using. Therefore, while it is permissible and even necessary to consider consumers' wants as an independent...

...apparatus swings round through their pressure. We do not deny the presence of this nexus. It is, however, the producer who as a rule initiates economic change,...those which they have been in the habit of using. Therefore, while it is permissible and even necessary to consider consumers' wants as an independent...

...(Schumpeter, 1912/34, 65) 'the producer who as a rule initiates economic change, and consumers who are educated by him if necessary; they are, as it...new things, or things which differ in some respect from those which they have been in the habit of using.' This viewpoint presupposes 'debugged' and otherwise...

...apparatus swings round through their pressure. We do not deny the presence of this nexus. It is, however, the producer who as a rule initiates economic change,...they have been in the habit of using. (Schumpeter 1934; 65) 10.1 THE ROLE OF DEMAND CONSTRAINT AND TECHNICAL PROGRESS IN ECONOMIC GROWTH In a standard...

...roles change. Now the producer is the king "who as a rule initiates economic change, and consumers who are educated by him if necessary; they are, as it...new things, or things which differ in some respect from those which they have been in the habit of using" (Schumpeter 1934. 651. This viewpoint clearly...

...tastes that, left to the demand-side alone, would have remained boring, 'given', and forever the same: 'It is ... the producer who as a rule initiates economic...they have been in the habit of using.' (Schumpeter, 1912b:65). It is the producer and not the consumer who interrupts the equilibrium. It is the seller...

...apparatus swings round through their pressure. We do not deny the presence of this nexus. It is, however, the producer who as a rule initiates economic change,...those which they have been in the habit of using. (TED, p. 65) Schumpeter thinks that, due to the dependence of preference formation on technological...

...apparatus swings around through their pressure. We do not deny the presence of this nexus. It is, however, the producer who as a rule initiates economic change,...it were, taught to want new things, or things which ditVer in some respect from those they have been in the habit of using (Schumpeter. 1934. p. 65) 5....

...zeroed in on technical change as the essence of growth, and on the entrepreneur as the mainspring. "It is ... the producer who as a rule initiates economic...they are, as it were, taught to want new things." This was, after all, the Age of McCormick, of Rockefeller, Bayer, Edison, Swift, Carnegie, Duke, and...

...demand-side phenomenon, analogous to what Schumpeter depicts in his theory of economic development: "It is ... the producer who as a rule initiates economic change, and consumers who are educated by him; they are, as it were, taught to want new things."10 Shaping the course of...