The Two Sides of Innovation Creation and Destruction in the Evolution of Capitalist Economies

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Synopsis

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.

Book details

Edition:: 2013
Series:: Economic Complexity and Evolution
Author:: Guido Buenstorf, Uwe Cantner, Horst Hanusch, Michael Hutter, Hans-Walter Lorenz and Fritz Rahmeyer
ISBN:: 9783319014968
Related ISBNs:: 9783319014951
Publisher:: Springer International Publishing
Pages:: N/A
Reading age:: Not specified
Includes images:: Yes
Date of addition:: 2022-08-20
Usage restrictions:: Copyright
Copyright by:: Springer International Publishing Switzerland
Adult content:: No
Language:: English
Categories:: Business and Finance, Nonfiction, Science