A Schumpeterian Renaissance?
AbstractIn the last few decades of the twentieth century, the attention paid to technical innovation in the economics and management literature and in social science generally has justified some such description as "a Schumpeterian renaissance". This article, in justifying the concept of such a renaissance, distinguishes in particular Schumpeter's work on the clustering of innovations and technological revolutions as a major contribution to contemporary theory. As always during his lifetime, the relevance of these ideas to his work on Business Cycles remains controversial but the debate on this topic has certainly enlivened the renaissance of neo-Schumpeterian economic theory and research.
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Bibliographic InfoPaper provided by SPRU - Science and Technology Policy Research, University of Sussex in its series SPRU Working Paper Series with number 102.
Length: 22 pages
Date of creation: 01 Jul 2003
Date of revision:
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innovation clusters; technological revolution; Schumpeter; business cycles;
Find related papers by JEL classification:
- E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Institutional; Evolutionary
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-08-08 (All new papers)
- NEP-HIS-2007-08-08 (Business, Economic & Financial History)
- NEP-HPE-2007-08-08 (History & Philosophy of Economics)
- NEP-INO-2007-08-08 (Innovation)
- NEP-PKE-2007-08-08 (Post Keynesian Economics)
- NEP-TID-2007-08-08 (Technology & Industrial Dynamics)
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