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Economics - Economic Growth | The Two Sides of Innovation - Creation and Destruction in the Evolution of Capitalist Economies

The Two Sides of Innovation

Creation and Destruction in the Evolution of Capitalist Economies

Buenstorf, G., Cantner, U., Hanusch, H., Hutter, M., Lorenz, H.-W., Rahmeyer, F. (Eds.)

2013, VI, 309 p. 4 illus.

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  • With a special focus on the destructive dimension of innovation
  • Includes papers dealing with economic evolution on various levels of aggregation
  • Indicates the interdisciplinary dimensions in the analysis of innovation
​This volume is devoted to innovation with a special focus on its two sides, namely creation and destruction, and on its role in the evolution of capitalist economies. The first part of the book looks at innovation and its effects on economic performance, addressing issues of motives, behavioral rules under uncertainty, actor properties, and technology characteristics. The second part concentrates on potential consequences of innovative activities, in particular structural change, the “innovation-mediated” effect of skill-oriented policies on regional performance, the destructive effects of innovation activities, and the question whether novelty is always good. The role of innovation in the evolution of capitalism itself is discussed in the third part.

Content Level » Research

Keywords » Creative Destruction - Development of Capitalism - Economic Evolution - Innovation

Related subjects » Economic Growth - Industrial Organization - Innovation - Technology Management - R&D / Technology Policy - Regional / Spatial Science

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