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New Combinations :Taking Schumpeter's concept serious

Author

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  • Hanappi, Hardy
  • Hanappi-Egger, Edeltraud

Abstract

Schumpeter’s idea that innovations can be described as new combinations often is understood as a mere metaphor and slight generalization of what he considers as the characterizing feature of entrepreneurship. The main argument of this paper is that more and deeper issues are involved in the concept of new combinations than is commonly understood. Moreover, a proper understanding of these issues would not only enhance our knowledge about observed innovation processes in economic life, it might reveal several properties common to creative processes in general.

Suggested Citation

  • Hanappi, Hardy & Hanappi-Egger, Edeltraud, 2004. "New Combinations :Taking Schumpeter's concept serious," MPRA Paper 28396, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:28396
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    File URL: https://mpra.ub.uni-muenchen.de/28396/1/MPRA_paper_28396.pdf
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    References listed on IDEAS

    as
    1. Rubinstein,Ariel, 2000. "Economics and Language," Cambridge Books, Cambridge University Press, number 9780521789905, November.
    2. Cornwall,John & Cornwall,Wendy, 2001. "Capitalist Development in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521341493, November.
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    Cited by:

    1. Timon Scheuer, 2018. "Computational Agents, Design and Innovative Behaviour: Hetero Economicus," Economic Thought, World Economics Association, vol. 7(2), pages 82-96, November.

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    More about this item

    Keywords

    Innovation; Schumpeter; new combination;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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