Standing on the shoulders of giants

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Chapter 1 in Endogenous Innovation, 2017, pp 3-24 from Edward Elgar Publishing

Abstract: This chapter highlights the limits of current approaches to the economics of innovation. It also stresses their role in articulating a theory of innovation as an endogenous process that relies upon the characteristics of the system in which the response of firms to unexpected mismatches in both labour and factor markets takes place. The role of Marshallian contributions to Schumpeterian thinking is stressed.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (22)

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