HOW EVOLUTIONARY IS SCHUMPETER'S THEORY OF ECONOMIC DEVELOPMENT?

The generic features of an evolutionary theory which are identified in the conceptional discussion of the present paper can be shown to be present already in Schumpeter's 1912 work, The Theory of Economic Development . None the less, it is argued that Schumpeter fell short of a level of generality by which he would have succeeded in providing a true foundation for evolutionary economics. The reason is his eagerness--very clearly visible in the "lost" seventh chapter--to align his theory with the economic reasoning of contemporary "pure" economic theory that was moulded in an equilibrium-oriented heuristic and the methodology of comparative statics. Schumpeter's conception--which, in opposing the idea of borrowing from Darwinian thought, he called "development"--is rather a special theory of the unsteady capitalist growth process passing through booms and crises. Throughout all of Schumpeter's writings the notion of development is therefore closely related to the business cycle phenomenon. The paper argues that this special framing implies not only some arbitrary hypotheses which are difficult to accept in an evolutionary interpretation, but also some limitations in his understanding of (what he refused to call) economic evolution, particularly with respect to its driving forces.     

Analysis and design of Hermite subdivision schemes

Published online: 14 May 2002     

Influence of Solution Composition on the Formation of Crystalline Scales

Scale formation is a difficulty encountered with water containing ions of sparingly soluble salts that can readily precipitate on heat transfer surfaces in evaporative concentration operations. Scale formation, hindering the heat transfer process, increases specific energy consumption and operating costs and causes frequent shut down of the evaporator for cleaning. The effects of changes in composition of the solution due to evaporation and CO₂ release on the formation of crystalline scales in seawater evaporators are studied. A model that predicts the CO₂ release is presented. The carbonate system in the salt solution on its whole flow path through the evaporator and the scaling (crystallization) tendency are described. Simulation results for different process configurations are shown and the differences are discussed, particularly with regard to the incrustation tendency.     

Formation of pearlitic banded structures in ferritic-pearlitic steels

The conditions for ferrite and pearlite banding in strip and plate made of structural steels were investigated. Factors found to influence the formation of banded structures were the cooling rate during the γ/α-transformation, the former austenite grain size, and the work-hardened condition of the former austenite. Analyses with the aid of an electron beam microprobe made it possible to demonstrate that the carbon-rich bands correspond locally with banded manganese enrichments, yet that they do not form before the course of the γ/α-transformation as a result of secondary segregation. It was possible to explain the mechanism of action of the influencing factors on the basis of this model.     

Preparation and characterisation of vanadium catalysts supported over alumina-pillared clays

Supported vanadium-containing catalysts were prepared by impregnation of Al-pillared clays with NaVO₃ precursor aqueous solutions. A montmorillonite and a saponite, both natural as well as previously pillared with Al₁₃-Keggin polycations, were used as supports, being impregnated with solutions of the precursor by means of the incipient wetness technique. The layered structure of the supports is maintained after impregnation, and even after calcination of the impregnated solids at 500 °C, although with a significant worsening of the textural properties of the solids, in particular, a loss of specific surface area. Three crystalline vanadium-containing phases were identified in the impregnated solids, namely, NaV₃O₈, AlVO₄ and V₂O₅ (shcherbinaite). The reduction of these phases to V³⁺ species was observed as wide processes in the 450–750 °C range, all of them centred at ca. 600 °C.     

On the Locus of Speed-Accuracy Trade-Off in Reaction Time: Inferences From the Lateralized Readiness Potential.

Lateralized readiness potentials (LRPs) were used to determine the stage(s) of reaction time (RT) responsible for speed-accuracy trade-offs (SATs). Speeded decisions based on several types of information were examined in 3 experiments, involving, respectively, a line discrimination task, lexical decisions, and an Erikson flanker task. Three levels of SAT were obtained in each experiment by adjusting response deadlines with an adaptive tracking algorithm. Speed stress affected the duration of RT stages both before and after the start of the LRP in all experiments. The latter effect cannot be explained by guessing strategies, by variations in response force, or as an indirect consequence of the pre-LRP effect. Contrary to most models, it suggests that SAT can occur at a late postdecisional stage. (PsycINFO Database Record (c) 2010 APA, all rights reserved)