This chapter implements an evolutionary complexity approach that builds on the legacy of Schumpeter (1947) with the notions of: i) reactive decision-making; ii) multiple feedback; iii) innovation as the outcome of an emergent system process rather than individual action; iv); organized complexity and knowledge connectivity; iv) endogenous variety; and vi) non-ergodic path-dependent dynamics. Building on these bases, the chapter articulates an endogenous theory of innovation centred on analysis of the systemic conditions that make the creative reaction, and hence the introduction of innovations, possible.
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Front Matter
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PART I ENDOGENOUS INNOVATION AS A CREATIVE RESPONSE: A REAPPRAISAL OF THE SCHUMPETERIAN LEGACY
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PART II NEW FRONTIERS IN THE ECONOMICS OF KNOWLEDGE: THE APPROPRIABILITY TRADE-OFF RECONSIDERED
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PART III ENDOGENOUS KNOWLEDGE AND TECHNOLOGICAL CONGRUENCE
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Back Matter
