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A Schumpeterian Renaissance?




In 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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  • Chris Freeman, 2003. "A Schumpeterian Renaissance?," SPRU Working Paper Series 102, SPRU - Science and Technology Policy Research, University of Sussex.
  • Handle: RePEc:sru:ssewps:102

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    References listed on IDEAS

    1. Bresnahan, Timothy F. & Trajtenberg, M., 1995. "General purpose technologies 'Engines of growth'?," Journal of Econometrics, Elsevier, vol. 65(1), pages 83-108, January.
    2. Christensen, Clayton M. & Rosenbloom, Richard S., 1995. "Explaining the attacker's advantage: Technological paradigms, organizational dynamics, and the value network," Research Policy, Elsevier, vol. 24(2), pages 233-257, March.
    3. Kennedy, Charles & Thirlwall, A P, 1972. "Technical Progress: A Survey," Economic Journal, Royal Economic Society, vol. 82(325), pages 11-72, March.
    4. Reinert, Erik S., 1995. "Competitiveness and its predecessors--a 500-year cross-national perspective," Structural Change and Economic Dynamics, Elsevier, vol. 6(1), pages 23-42, March.
    5. Samuel Hollander, 1965. "The Sources of Increased Efficiency: A Study of DuPont Rayon Plants," MIT Press Books, The MIT Press, edition 1, volume 1, number 026258235x, July.
    6. Jan Fagerberg, 2003. "Schumpeter and the revival of evolutionary economics: an appraisal of the literature," Journal of Evolutionary Economics, Springer, vol. 13(2), pages 125-159, April.
    7. Bruno Crepon & Emmanuel Duguet & Jacques Mairesse, 1998. "Research, Innovation And Productivity: An Econometric Analysis At The Firm Level," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 7(2), pages 115-158.
    8. Dahmen, Erik, 1984. "Schumpeterian dynamics : Some methodological notes," Journal of Economic Behavior & Organization, Elsevier, vol. 5(1), pages 25-34, March.
    9. Erik Reinert, 2002. "Schumpeter In The Context Of Two Canons Of Economic Thought," Industry and Innovation, Taylor & Francis Journals, vol. 9(1-2), pages 23-39.
    10. Silverberg, Gerald, 2002. "The discrete charm of the bourgeoisie: quantum and continuous perspectives on innovation and growth," Research Policy, Elsevier, vol. 31(8-9), pages 1275-1289, December.
    11. Richard R. Nelson, 1995. "Recent Evolutionary Theorizing about Economic Change," Journal of Economic Literature, American Economic Association, vol. 33(1), pages 48-90, March.
    12. Rosenberg, Nathan & Frischtak, Claudio R, 1984. "Technological Innovation and Long Waves," Cambridge Journal of Economics, Oxford University Press, vol. 8(1), pages 7-24, March.
    13. Yuichi Shionoya, 1991. "Schumpeter on Schmoller and Weber: A Methodology of Economic Sociology," History of Political Economy, Duke University Press, vol. 23(2), pages 193-219, Summer.
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    More about this item


    innovation clusters; technological revolution; Schumpeter; business cycles;

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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