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Neo-Schumpeterian economics is a school of thought that places technological innovation at the core of economic growth and transformation processes. It is inspired by the work of Joseph Schumpeter who coined the term creative destruction for the continuous introduction of technological change that drives growth by replacing old, less productive structures with new, more productive ones.
Innovation economics is a growing field of economic theory and applied/experimental economics that emphasizes innovation and entrepreneurship. It comprises both the application of any type of innovations, especially technological but not only, into economic use.
In the book, a Techno-Economic Paradigm refers to the gradually resulting best-practice framework characterized by the attributes of the Technological Revolution and corresponding organizational set-ups. These principles embody the most efficient methods for conducting business in the context of the particular technological innovations and ...
Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run ...
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In Marxian economics, the equivalent to Schumpeterian rent is the extra surplus value that is extracted from the laborer during the rise of local productivity, meaning the development of the productive forces through innovation owned by the respective capitalist, while all other enterprises are left with yet undeveloped productive forces.
Mariana Francesca Mazzucato (born June 16, 1968 [1]) is an Italian–American-British economist and academic.She is a professor in the Economics of Innovation and Public Value at University College London (UCL) and founding director of the UCL Institute for Innovation and Public Purpose (IIPP).
Hirsh Zvi Griliches (/ ˈ ɡ r ɪ l ɪ k ə s / GRIL-i-kəs; 12 September 1930 – 4 November 1999) [1] was a Lithuanian-born economist at Harvard University.The works by Zvi Griliches mostly concerned the economics of technological change, including empirical studies of diffusion of innovations and the role of R & D, patents, and education.