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special issue: Knowledge of growth and the growth of knowledge

Author

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  • J.S. Metcalfe

    () (Centre for Research on Innovation and Competition and School of Economic Studies, University of Manchester, M13 9QH, UK)

Abstract

The central theme of this address is the complicated relationship between the growth of the economy and the growth of knowledge. This theme is explored with the help of a single concept "restless capitalism" which is used to capture the idea that capitalism in equilibrium is a contradiction in terms precisely because the growth of knowledge cannot be meaningfully formulated as the outcome of a constellation of equilibrating forces. This theme is explored through a discussion of growth accounting, the relationship between innovation, markets and institutions and, as an example, the development of innovation in the field of ophthalmology. We also discuss some pioneering contributions made by Simon Kuznets and Arthur Burns to the discussion of evolutionary growth. From this Schumpeterian perspective we see the economy as an ensemble not an aggregate entity and so see more clearly the importance of microdiversity in the relationship between growth of knowledge and growth of the economy.

Suggested Citation

  • J.S. Metcalfe, 2002. "special issue: Knowledge of growth and the growth of knowledge," Journal of Evolutionary Economics, Springer, vol. 12(1), pages 3-15.
  • Handle: RePEc:spr:joevec:v:12:y:2002:i:1:p:3-15
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    Cited by:

    1. repec:eee:respol:v:47:y:2018:i:1:p:70-87 is not listed on IDEAS
    2. Davide Consoli & Dioni Elche, 2013. "The evolving knowledge base of professional service sectors," Journal of Evolutionary Economics, Springer, vol. 23(2), pages 477-501, April.
    3. repec:spr:scient:v:112:y:2017:i:3:d:10.1007_s11192-017-2436-5 is not listed on IDEAS
    4. Tommaso Ciarli & Valentina Meliciani & Maria Savona, 2012. "Knowledge Dynamics, Structural Change And The Geography Of Business Services," Journal of Economic Surveys, Wiley Blackwell, vol. 26(3), pages 445-467, July.
    5. Antonelli, Cristiano & David, Paul, 2015. "The Useful Application of Knowledge: An Introduction," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201510, University of Turin.
    6. Consoli, Davide, 2005. "The dynamics of technological change in UK retail banking services: An evolutionary perspective," Research Policy, Elsevier, vol. 34(4), pages 461-480, May.
    7. Quatraro, Francesco, 2010. "Knowledge coherence, variety and economic growth: Manufacturing evidence from Italian regions," Research Policy, Elsevier, vol. 39(10), pages 1289-1302, December.
    8. Metcalfe, J.S. & James, Andrew & Mina, Andrea, 2005. "Emergent innovation systems and the delivery of clinical services: The case of intra-ocular lenses," Research Policy, Elsevier, vol. 34(9), pages 1283-1304, November.
    9. Antonelli, Cristiano & Ferraris, Gianluigi, 2017. "The Creative Response and the Endogenous Dynamics of Pecuniary Knowledge Externalities: An Agent Based Simulation Model," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201717, University of Turin.
    10. Consoli, Davide & Elche-Hortelano, Dioni, 2010. "Variety in the knowledge base of Knowledge Intensive Business Services," Research Policy, Elsevier, vol. 39(10), pages 1303-1310, December.
    11. Barberá-Tomás, David & Jiménez-Sáez, Fernando & Castelló-Molina, Itziar, 2011. "Mapping the importance of the real world: The validity of connectivity analysis of patent citations networks," Research Policy, Elsevier, vol. 40(3), pages 473-486, April.
    12. Agnieszka Gehringer, 2011. "Pecuniary Knowledge Externalities across European Countries—Are there Leading Sectors?," Industry and Innovation, Taylor & Francis Journals, vol. 18(4), pages 415-436.
    13. repec:spr:joevec:v:27:y:2017:i:4:d:10.1007_s00191-017-0512-x is not listed on IDEAS
    14. Azagra-Caro,Joaquín M. & Consoli,Davide, 2013. "Knowledge Flows and Public-Private Cooperation across National Contexts," INGENIO (CSIC-UPV) Working Paper Series 201304, INGENIO (CSIC-UPV), revised 17 Dec 2014.
    15. Quatraro Francesco, 2011. "Knowledge Structure and Regional Economic Growth: The French case," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201112, University of Turin.
    16. Thomas Doring & Jan Schnellenbach, 2006. "What do we know about geographical knowledge spillovers and regional growth?: A survey of the literature," Regional Studies, Taylor & Francis Journals, vol. 40(3), pages 375-395.
    17. repec:spr:scient:v:91:y:2012:i:3:d:10.1007_s11192-011-0577-5 is not listed on IDEAS
    18. repec:got:cegedp:101 is not listed on IDEAS
    19. Patrucco, Pier Paolo, 2002. "Metropolitan Regions as a Factor Shaping the Dynamics of Collective Technological Knowledge," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200207, University of Turin.
    20. Maureen McKelvey, 2016. "Firms navigating through innovation spaces: a conceptualization of how firms search and perceive technological, market and productive opportunities globally," Journal of Evolutionary Economics, Springer, vol. 26(4), pages 785-802, October.
    21. Verónica Robert & Gabriel Yoguel, 2011. "The Complex Dynamics of Economic Development," Chapters,in: Handbook on the Economic Complexity of Technological Change, chapter 17 Edward Elgar Publishing.
    22. Kurt Dopfer, 2012. "The origins of meso economics," Journal of Evolutionary Economics, Springer, vol. 22(1), pages 133-160, January.
    23. Bleda, Mercedes & del Río, Pablo, 2013. "The market failure and the systemic failure rationales in technological innovation systems," Research Policy, Elsevier, vol. 42(5), pages 1039-1052.
    24. Consoli,Davide & Elche,Dioni, 2014. "An analysis of the knowledge base of Scientific Research & Development Business Services," INGENIO (CSIC-UPV) Working Paper Series 201401, INGENIO (CSIC-UPV).

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