Duka A. Technological modernization of economy in the context of Schumpeter’s theory of the economic development

In the article the fundamental ideas of Schumpeter’s theory of the economic development are explored, that allow to ground the sources of technological modernization on the basis of innovations conception.

Keywords: cycle, development, innovations, modernization, technology, technological modernization.

DOI: http://dx.doi.org/10.17721/1728-2667.2013/144-3/3

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