Schumpeterian Perspectives on Innovation, Competition and Growth

Released on by Uwe Cantner
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  • Schumpeterian Perspectives on Innovation, Competition and Growth Book Detail

  • Author : Uwe Cantner
  • Release Date : 2009-07-25
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 442
  • ISBN 13 : 3540937773
  • File Size : 61,61 MB
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Schumpeterian Perspectives on Innovation, Competition and Growth by Uwe Cantner PDF Summary

Book Description: Recent developments in economics have gone from the recognition of the importance of innovation for growth and the exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An important lesson to be drawn from all this research is that a purely macro-based analysis of growth is not enough. The various mechanisms of innovation creation and diffusion, the importance of agent heterogeneity, of market selection processes, of the internal organization of the firm and of organizational routines, and the obsolescence and the consequent emergence of new types of capital goods are a few examples of micro-economic phenomena that contribute decisively to macro-economic development. The papers in this volume approach those issues from a Schumpeterian point of view and tackle issues like the growing importance of knowledge and human capital; increasing returns and path dependence; the role of variety in economic growth; competition and industry evolution.

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Modern Evolutionary Economics

Modern Evolutionary Economics

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Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influ