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Foundations of economic change—an extended Schumpeterian approach

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  • Uwe Cantner

    (Friedrich Schiller University Jena
    University of Southern Denmark)

Abstract

This paper employs the Schumpeterian approach to the development of economies in order to identify the core building blocks of a theory of endogenous economic change. Borders and insights are widened by combining concepts and findings from behavioral economics, from evolutionary economics, and from complexity economics. Actor heterogeneity, on the one hand, and mechanisms of actors’ interaction, on the other, are suggested to be fundamental elements of that theory. Theoretical analyses and empirical accounts are presented, achievements are discussed, and further avenues of research are suggested.

Suggested Citation

  • Uwe Cantner, 2016. "Foundations of economic change—an extended Schumpeterian approach," Journal of Evolutionary Economics, Springer, vol. 26(4), pages 701-736, October.
    • Handle: RePEc:spr:joevec:v:26:y:2016:i:4:d:10.1007_s00191-016-0479-z
    DOI: 10.1007/s00191-016-0479-z
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    More about this item

    Keywords

    Innovation; Actor heterogeneity; Competition; Cooperation; Replicator dynamics;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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