IDEAS home Printed from https://ideas.repec.org/p/csc/cerisp/200401.html
   My bibliography  Save this paper

The origins of the economics of innovation: the Rae’s contribution

Author

Abstract

Nowadays the innovation is one of the most important determinant for increasing the wealth of the nations. The patterns of technological innovation are studied by Economics of innovation. The aim of this paper is to prove that the origins of the Economics of innovation go back to many years before Schumpeter’s theory (1911), thank to the original studies of Rae. He really did not know much of any economics literature and developed most of his concepts on his own. J. Rae has recently been rediscovered as a genuine precursor of the endogenous growth theory. I think, he needs to be rediscovered a second time for his contribution to the understanding of the economic role played by the innovation and technology change within the economic system. The Scottish philosopher within his book Statement of Some New Principles on the Subject of Political Economy, issued in 1834, put forward the basis of the Economics of innovation individuating the nature, causes and effects of the technological progress on economic growth. The main results achieved are the importance of Rae’s work for the Economics of innovation and a definition of this branch which embodied the main concepts appeared during the history of the economic thought. Clearly, it is not complete definition, but it is the first step towards a completely individuation of the purpose of this important field of specialisation within the Economics

Suggested Citation

  • Mario Coccia, 2004. "The origins of the economics of innovation: the Rae’s contribution," CERIS Working Paper 200401, Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY -NOW- Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY.
  • Handle: RePEc:csc:cerisp:200401
    as

    Download full text from publisher

    File URL: http://www.digibess.it/fedora/repository/object_download/openbess:TO094-00104/PDF/openbess_TO094-00104.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Alessandro Sembenelli & Laura Rondi & Fabio Schiantarelli & Brian Sack, 1993. "Firms' Financial And Real Responses To Business Cycle Shocks And Monetary Tightening: Evidence For Large And Small Italian Companies," CERIS Working Paper 199305, Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY -NOW- Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Invention; Innovation; History of Technology; Economic Growth;

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:csc:cerisp:200401. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anna Perin) or (Giancarlo Birello). General contact details of provider: http://edirc.repec.org/data/cerisit.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.