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Innovation in the Capitalist Process: A Critique of the Schumpeterian Theory

Carolyn Shaw Solo

The Quarterly Journal of Economics · 1951 · Volume 65 · Issue 3

DOI: 10.2307/1882222

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.

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