Agents of change

Caroline Gerschlager

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: Evolutionary accounts in economics have offered a new look at economic development. Advancing on the limited cognitive capacities, they have shown that structural change follows technological, institutional and ideological paths. The present examination suggests an add-on to this cognitive portrayal of change. Drawing on Schumpeter's theory of innovation and Adam Smith's theory of knowledge, it analyzes human motives as important drivers of development. It brings in the dynamic nature of human motives and particularly discusses the human will as a requirement of change.

Date: 2013-01
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Persistent link: https://EconPapers.repec.org/RePEc:ulb:ulbeco:2013/260740

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