Introduction

Ronney Aamoucke
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Ronney Aamoucke: GSBC EIC “The Economics of Innovative Change”

Chapter Chapter 1 in Innovative Start-Ups and the Distribution of Human Capital, 2016, pp 1-23 from Springer

Abstract: Abstract Economic progress and development—that is, the permanent improvement of the conditions of life—is the most important issue, and the greatest challenge, for human societies. What really drives economic progress? For a long time, religious beliefs dominated the human worldview, meaning that economic well-being was believed due to supernatural causes. In the modern age, however, the human worldview is changed. This change took place initially in Europe. European societies experienced radical change in the late Middle Ages (Herlihy 1997; Bennett 2010). Geographic explorations widened the human worldview. European adventurers explored the globe, acquiring new knowledge and resources (Love 2006). The “Scientific Revolution,” the “Enlightenment,” and the “Industrial Revolution” influenced society to see the world in terms of reason and to value knowledge of its workings. Unprecedented economic progress was made in Western countries (Clark 2007).

Keywords: Human Capital; Venture Capital; Knowledge Spillover; Employment Growth; Economic Progress (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-44462-8_1

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DOI: 10.1007/978-3-319-44462-8_1

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