Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/54147 
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dc.contributor.authorKornai, Jánosen
dc.date.accessioned2010-10-12-
dc.date.accessioned2011-12-15T13:19:35Z-
dc.date.available2011-12-15T13:19:35Z-
dc.date.issued2010-
dc.identifier.isbn978-92-9230-268-9en
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
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Working Paper |x2010/33en
dc.subject.jelP1en
dc.subject.jelP2en
dc.subject.jelP51en
dc.subject.jelO30en
dc.subject.jelO31en
dc.subject.ddc330en
dc.subject.keywordsystemsen
dc.subject.keywordcapitalist systemen
dc.subject.keywordsocialist systemen
dc.subject.keywordinnovationen
dc.subject.keywordtechnical progressen
dc.subject.keywordSchumpeterian entrepreneurshipen
dc.titleInnovation and dynamism: Interaction between systems and technical progress-
dc.typeWorking Paperen
dc.identifier.ppn636511405en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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