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dc.contributor.authorKornai, Jánosen_US
dc.date.accessioned2010-10-12en_US
dc.date.accessioned2011-12-15T13:19:35Z-
dc.date.available2011-12-15T13:19:35Z-
dc.date.issued2010en_US
dc.identifier.isbn978-92-9230-268-9en_US
dc.identifier.urihttp://hdl.handle.net/10419/54147-
dc.description.abstractLiterature on post-socialist transformation usually deals with the political, economic and social sides of it, although there have also been important changes in the field of technical advance in the last 20 years. One of capitalism's main virtues is the strong incentive it gives to dynamism, enterprise and the innovation process. Every revolutionary new product (for civilian use) has been brought about by the capitalist system. The socialist system was capable, at most, of developing new military products. The article analyzes how far the radical difference can be explained by the innate tendencies and basic attributes of the two systems. Our daily lives have been transformed by these new products (for instance, the sphere of information and communications by the computer, the mobile phone and the internet). While many people see all these as favorable changes, fewer discern the causal relation between the capitalist system and rapid technical progress. Yet the usual syllabus of microeconomics does not enlighten students on this important virtue of capitalism, which is not adequately emphasized in the statements of leading politicians either.en_US
dc.language.isoengen_US
dc.publisherWIDER Helsinkien_US
dc.relation.ispartofseriesWorking paper // World Institute for Development Economics Research 2010,33en_US
dc.subject.jelP1en_US
dc.subject.jelP2en_US
dc.subject.jelP51en_US
dc.subject.jelO30en_US
dc.subject.jelO31en_US
dc.subject.ddc330en_US
dc.subject.keywordsystemsen_US
dc.subject.keywordcapitalist systemen_US
dc.subject.keywordsocialist systemen_US
dc.subject.keywordinnovationen_US
dc.subject.keywordtechnical progressen_US
dc.subject.keywordSchumpeterian entrepreneurshipen_US
dc.titleInnovation and dynamism: Interaction between systems and technical progressen_US
dc.typeWorking Paperen_US
dc.identifier.ppn636511405en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

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