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Innovation as a Creative Response. A Reappraisal of the Schumpeterian Legacy


  • Cristiano Antonelli

    () (Dipartimento di Economia e Statistica ‘Cognetti de Martiis’, Università di Torino & Collegio Carlo Alberto)


The paper uncovers the merits of the essay «The creative response in economic history » published by Joseph Alois Schumpeter in the Journal of Economic History in 1947 and ‘almost’ forgotten since then. The correct appreciation of this Schumpeterian contribution is important to for two reasons. It enables to better understand the evolution of Schumpeter’s thinking. The 1947 contribution should be regarded as the final attempt to provide a synthesis of his evolving approaches to the understanding the origins, the causes and the consequences of innovation in economics and in the economy. This 1947 essay is most important also because it portrays innovation as the result of a creative reaction conditional to the characteristics of the context into which it takes place anticipating the notion of innovation as an emergent property of system dynamics.

Suggested Citation

  • Cristiano Antonelli, 2015. "Innovation as a Creative Response. A Reappraisal of the Schumpeterian Legacy," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 23(2), pages 99-118.
  • Handle: RePEc:hid:journl:v:23:y:2015:2:4:p:99-118

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    Cited by:

    1. Jean-Alain Héraud, 2021. "A New Approach of Innovation: from the Knowledge Economy to the Theory of Creativity Applied to Territorial Development," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(1), pages 201-217, March.
    2. Cristiano Antonelli & Gianluigi Ferraris, 2018. "The creative response and the endogenous dynamics of pecuniary knowledge externalities: an agent based simulation model," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 13(3), pages 561-599, October.
    3. Cristiano Antonelli, 2017. "The Engines of the Creative Response: Reactivity and Knowledge Governance," Economía: teoría y práctica, Universidad Autónoma Metropolitana, México, vol. 47(2), pages 9-30, Julio-Dic.
    4. Rémy Guichardaz & Julien Pénin, 2019. "Why was Schumpeter not more concerned with patents?," Journal of Evolutionary Economics, Springer, vol. 29(4), pages 1361-1369, September.
    5. Taalbi, Josef, 2017. "What drives innovation? Evidence from economic history," Research Policy, Elsevier, vol. 46(8), pages 1437-1453.
    6. Andrea Filippetti & Petros Gkotsis & Antonio Vezzani & Antonio Zinilli, 2020. "Are innovative regions more resilient? Evidence from Europe in 2008–2016," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(3), pages 807-832, October.

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