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Joseph Schumpeter was one of the first and most important scholars who extensively tackled the question of innovation in economics. [2] In contrast to his contemporary John Maynard Keynes, Schumpeter contended that evolving institutions, entrepreneurs and technological change were at the heart of economic growth, not independent forces that are largely unaffected by policy.
Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages is an academic book by Carlota Perez that seeks to describe the connection between technological development and financial bubbles as seen in the emergence of long term technology trends. The model described by Carlota Perez shows repeated surges of ...
Logically, therefore, economics is impossible without geography, and geography is incomplete without economics. World War II contributed to the popularization of geographical knowledge generally, and post-war economic recovery and development contributed to the growth of economic geography as a discipline.
An early area of Peri's research has been the economics of innovation over time and across space. Together with Laura Bottazzi, he finds only small and very localized innovation spillovers in Europe and estimates that, while doubling R&D spending in a region would raise innovation there by 80-90%, it the effect within a 300 km radius would ...
In her 2002 book, Technological Revolutions and Financial Capital Carlota Perez explains her theory about techno-economic paradigm shifts that revolve around technology revolution, technical innovation, economy and finance, and society. Techno-economic paradigm shifts are brought upon by the technological revolution.
Thomas Edison with phonograph in the late 1870s. Edison was one of the most prolific inventors in history, holding 1,093 U.S. patents in his name.. Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. [1]
The NFL playoff schedule is about to be set, with the wild-card dates and times for every matchup to be revealed during Week 18.
The knowledge economy, or knowledge-based economy, is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific innovation. [1]