Y. Bazhal, Doctor of Sciences (Economics), Prof. National University of “Kyiv-Mohyla Academy”, Kyiv “STATICS” AND “DYNAMICS” SCHUMPETERIAN PARADIGM OF ECONOMIC SYSTEM AND ITS PRACTICAL IMPLICATION

This paper analyzes fundamental features of Schumpeter’s theory of economic development which distinguish two different types of economy – statics and dynamics. Such methodology unlike of neoclassical approaches gives a new vision of driving forces of modern economic development with a crucial role of the innovation technological change.

Keywords: Schumpeter’s theory of economic development, technological paradigm, innovation policy.

DOI: http://dx.doi.org/10.17721/1728-2667.2013/145-4/1

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