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Books > Business & Economics > Economics > Development economics
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Schumpeterian Perspectives on Innovation, Competition and Growth (Hardcover, 2009 ed.)
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Schumpeterian Perspectives on Innovation, Competition and Growth (Hardcover, 2009 ed.)
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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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