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Knowledge Based Economy In A Neo–Schumpeterian Point Of View

Author

Listed:
  • Karol Sledzik

    (University of Gdansk, Poland)

Abstract

Schumpeter’s growth theory (based on innovations, entrepreneurs, long waves and “creative destruction”) seems to be most adequate to discuss principles of the Knowledge Based Economy. In the paper, the author discussed the assumptions of Schumpeter’s theory in three subsections: “Long waves” leading to the Knowledge Based Economy, Innovation as a core of Schumpeter’s economy, and Neo-Schumpeterian “growth” as a pillar of Knowledge Based Economy. The purpose of this paper is to show the Neo-Schumpeterian paradigms versus Knowledge Based Economy. Conclusions drawn from the study allow to state that definitions and concepts created by Schumpeter nearly over half of the century ago and Neo-Schumpeterians nowadays are perfectly in tune with the objectives of the functioning of Knowledge Based Economy in XXI century.

Suggested Citation

  • Karol Sledzik, 2013. "Knowledge Based Economy In A Neo–Schumpeterian Point Of View," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 8(4), pages 67-77, December.
    • Handle: RePEc:pes:ierequ:v:8:y:2013:i:4:p:67-77
    DOI: 10.12775/EQUIL.2013.027
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Innovation; Neo-Schumpeterian Economics; Knowledge Based Economy;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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