%0 Journal Article
%T The role of competition in the technoeconomic paradigm on the market
%A Ayd£¿n G¨¹ler Derya
%A Takay Araz Bahar
%J Economic Annals
%D 2012
%I Faculty of Economics, Belgrade
%R 10.2298/eka1293137a
%X Two different forms of competition theories can be distinguished: theories that emphasize the equilibrating forces created by competition, and those emphasizing the disequilibrating forces. This difference can be attributed, to the differences regarding the functioning of the market economy: the basic problem here is whether competition should be understood as a static state or a dynamic process. This study aims to analyze the dynamic competition theories by J. A. Schumpeter and neo-Schumpeterians which focus on the dynamic role played by competition through creating disequilibria, endogenous structural change and social transformation as a distinguishing characteristic of the market system. In the first section, after examining the static, neoclassical competition theory, Schumpeter¡¯s theory, which is based on the notion of ¡°creative destruction¡±, will be discussed. In the second section, the long term fluctuations based on the creative gales of the destruction concept will be examined in the framework of the technoeconomic paradigm.
%K dynamic competition
%K NEO-schumpeterians
%K Techno-Economic Paradigm
%K technological and structural change
%U http://www.doiserbia.nb.rs/img/doi/0013-3264/2012/0013-32641293137A.pdf