{"product_id":"9781349185610","title":"Innovation Patterns in Crisis and Prosperity: Schumpeter's Long Cycle Reconsidered","description":"With the economic problems facing Western economics during the last decade, theories about an alleged forty-five to sixty years' pulsation in economic life (the Kondratieff-Schumpeter cycle) have experienced a remarkable renaissance. Based on a new econometric test method, the author argues that long waves can be identified not only in price series but also in the aggregate output of a number of key industrialized countries. The author's own research corroborates Schumpeter's hypothesis that, far from being caused by a flash of genius, radical innovations occur in clusters, interacting with economic fluctuations and social change.","brand":"Palgrave Macmillan UK","offers":[{"title":"Default Title","offer_id":47046674678000,"sku":"9781349185610","price":39.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781349185610_p0.jpg?v=1763709958","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781349185610","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}