For the 40 Year Anniversary: Voilà, a Book!

Bernd Ebersberger (), Uwe Cantner () and Patrick Llerena ()
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Bernd Ebersberger: University of Hohenheim
Uwe Cantner: Friedrich Schiller University
Patrick Llerena: BETA—University of Strasbourg

A chapter in Schumpeterian Legacy in Modern Times, 2026, pp 1-17 from Springer

Abstract: Abstract The intellectual landscape of economic thought underwent a visible change in the 1980s. We know it as a decade marked by the insight that neoclassical equilibrium models were increasingly unable to account for the qualitative changes and technological disruptions characterizing modern capitalism (see Almudi & Fatas-Villafranca, 2026; Hanusch & Pyka, 2026; Hanusch & Ebersberger, 2026). At that time, mainstream economic theory largely treated technological innovation as an exogenous factor. The expression “manna from heaven” (see Fagerberg, 2026) describes nicely how economic theory thought innovation comes into the world. And it vividly illustrates the unrealistic nature of this assumption, which effectively leaves the mechanics of science, technology, and organizational change within a black box, only a few scholars dared to open (see Almudi & Fatas-Villafranca, 2026; Dosi, 2026; Fransman, 2026).

Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eccchp:978-3-032-26294-3_1

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DOI: 10.1007/978-3-032-26294-3_1

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