Principles of Neo-Schumpeterian Economics

Within the last 25 years great progress has been made in Neo-Schumpeterian Economics, this branch of economic literature which deals with dynamic processes causing qualitative transformation of economies basically driven by the introduction of novelties in their various and multifaceted forms. By it...

Full description

Saved in:
Bibliographic Details
Published in:Cambridge journal of economics 2007-03, Vol.31 (2), p.275-289
Main Authors: Hanusch, Horst, Pyka, Andreas
Format: Article
Language:English
Subjects:
B52
Business innovation
Economic analysis
Economic development
Economic systems
Economic theory
Economic uncertainty
Equilibrium
Financial economics
Financial markets
G10
Industrial dynamics
Innovations
Neo-Schumpeterian Economics
Neoclassical economics
O30
O40
Principles
Public finance
Securities markets
Social innovation
Studies
Technological innovation
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Within the last 25 years great progress has been made in Neo-Schumpeterian Economics, this branch of economic literature which deals with dynamic processes causing qualitative transformation of economies basically driven by the introduction of novelties in their various and multifaceted forms. By its very nature, innovation and, in particular, technological innovation is the most exponent and most visible form of novelty. However, Neo-Schumpeterian Economics should be concerned with all facets of open and uncertain developments in socio-economic systems. A comprehensive Neo-Schumpeterian approach therefore has to consider not only transformation processes going on, e.g., on the industry level of an economy, but also on the public and monetary side of an economic system. Our contribution introduces those extensions and complements to a comprehensive Neo-Schumpeterian economic theory, and develops some signposts in the sense of a roadmap for necessary strands of analysis in the future.
ISSN:0309-166X
1464-3545
DOI:10.1093/cje/bel018