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Some Misconceptions Regarding Innovation (and How Reading Classical Authors Might Help Overcoming Them)

In: Science, Technology and Innovation in the History of Economic Thought

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  • Thomas Baumert

    (Complutense University of Madrid)

Abstract

This chapter reunites three related reflections about innovation in the form of a short essay: the first one refers to the etymology of the word innovation and the fact that, originally, it was used with a negative connotation (in the sense of a subversive change). A second point deals with the question of whether the well-established concept of innovation system—despite its fruitfulness—does not contradict Schumpeter’s own concept of innovation. And third—closely related to the previous—a question so far much neglected, namely, who does really innovate in companies?

Suggested Citation

  • Thomas Baumert, 2023. "Some Misconceptions Regarding Innovation (and How Reading Classical Authors Might Help Overcoming Them)," Palgrave Studies in the History of Economic Thought, in: Estrella Trincado Aznar & Fernando López Castellano (ed.), Science, Technology and Innovation in the History of Economic Thought, chapter 0, pages 17-29, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-031-40139-8_2
    DOI: 10.1007/978-3-031-40139-8_2
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