Kasper's Schumpeter Lecture 
									
									
									
								 
							
							
							
								
									Economics 
								
							
							07/12/84 • Unknown
							
								
									- He opposes Keynesian theory that productivity is unchanging. His theory is that capitalism improves productivity through entrepreneurs.
- Every fifty years or so, the world goes through burst of innovation that is concentrated in certain areas.