Chapter 1 Standing on the shoulders of giants
The Economics of an Emergent System Property
Article Category:
Monograph Chapter
Publication Date:
29 Sep 2017
Page Range:
3–24
Collections:
Economics 2017
DOI:
https://doi.org/10.4337/9781782545149.00006
Restricted access

This chapter highlights the limits of current approaches to the economics of innovation. It also stresses their role in articulating a theory of innovation as an endogenous process that relies upon the characteristics of the system in which the response of firms to unexpected mismatches in both labour and factor markets takes place. The role of Marshallian contributions to Schumpeterian thinking is stressed.

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Cover Endogenous Innovation
Endogenous Innovation
Monograph Book
Publication Date:
29 Sep 2017
Print ISBN:
9781782545132
eISBN:
9781782545149
DOI:
https://doi.org/10.4337/9781782545149
Page Count:
c 256
Collections:
Economics 2017
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