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Innovation in the Economic Thought from the 18th to the 20th Century: Analysis of Selected Issues

Author

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  • Natalia Irena Gust-Bardon

    (Faculty of Management and Economics of Services, University of Szczecin)

Abstract

The paper is a review of economic thought with regard to technological change, inventions and innovations commencing from the legacy of Adam Smith and ending on the work of Michal‚ Kalecki. The works of Solow, Swan, Arrow, Lucas and Romer which examined the role of technological change in economic growth and identified the factors determining this change are featured. The changing nature of globalisation and its impact on circumstances responsible for knowledge creation, diffusion and absorption is emphasised, as well as the existence of networks - a prerequisite of taking advantage of human capital and the research and development sector. The view that all new knowledge should be patented is contrasted with an open innovation model.

Suggested Citation

  • Natalia Irena Gust-Bardon, 2012. "Innovation in the Economic Thought from the 18th to the 20th Century: Analysis of Selected Issues," Acta Universitatis Nicolai Copernici, Ekonomia, Uniwersytet Mikolaja Kopernika, vol. 43(1), pages 105-120.
    • Handle: RePEc:cpn:umkanc:2012:p:105-120
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