[PEN-L:8205] Re: long waves -- and a better qu

To answer Doug's question, Schumpeter distinguished between inventions (technological discoveries/ applications) and innovations (commercially viable applications). Mensch, among others, elaborates on this and argues that a technology can be around for some time before it becomes the basis for

[PEN-L:8205] Re: long waves -- and a better qu

To answer Doug's question, Schumpeter distinguished between inventions (technological discoveries/ applications) and innovations (commercially viable applications). Mensch, among others, elaborates on this and argues that a technology can be around for some time before it becomes the basis for