New Combinations:Taking Schumpeter's concept serious

Hardy Hanappi and Edeltraud Hanappi-Egger

MPRA Paper from University Library of Munich, Germany

Abstract: Schumpeter’s idea that innovations can be described as new combinations often is understood as a mere metaphor and slight generalization of what he considers as the characterizing feature of entrepreneurship. The main argument of this paper is that more and deeper issues are involved in the concept of new combinations than is commonly understood. Moreover, a proper understanding of these issues would not only enhance our knowledge about observed innovation processes in economic life, it might reveal several properties common to creative processes in general.

Keywords: Innovation; Schumpeter; new combination (search for similar items in EconPapers)
JEL-codes: B25 C63 O31 (search for similar items in EconPapers)
Date: 2004-06-30
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Citations: View citations in EconPapers (1)

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