Date of Award
6-1962
Degree Type
Master's Essay - Restricted
Degree Name
Master of Business Administration (MBA)
Department
Business Administration
First Advisor
R.J. Barr
Abstract
Schumpeter's cycle theory is part of an analysis of the essence of the process of evolution under competitive capitalism. By competitive capitalism Schumpeter means a capitalist economic system characterized by many small producers, the proprietorship form of enterprise, and a banking system with relative freedom of action. This type of capitalism is differentiated from trustified capitalism where the giant corporate enterprise and a banking system closely supervised by governmental regulation are characteristic. To the latter, Schumpeter does not profess that his cycle theory is applicable.
Recommended Citation
Merkes, G., "The Role of the Business Cycie In the Schumpeterian System" (1962). Master's Essays (1922 - ). 2300.
https://epublications.marquette.edu/essays/2300