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Endogenous Innovation: The Creative Response

Cristiano Antonelli ()

Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP series from University of Turin

Abstract: The limits of both evolutionary approaches, based upon biological metaphors, and the new growth theory based on the early economics of knowledge, are becoming apparent. Considerable progress can be made by implementing an evolutionary complexity approach that builds upon the legacy of Schumpeter (1947) with the notions of: i)reactive decision making; ii) multiple feedback; iii) innovation as the outcome of an emergent system process rather than individual action; iv);organized complexity and knowledge connectivity; iv) endogenous variety; vi) non ergodic path dependent dynamics. Building upon these bases, the paper articulates an endogenous theory of innovation centered upon the analysis of the systemic conditions that make the creative reaction and hence the introduction of innovations possible.

Pages: pages 70
Date: 2017-03
New Economics Papers: this item is included in nep-evo, nep-hme, nep-ino, nep-sbm and nep-tid
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Citations: View citations in EconPapers (3) Track citations by RSS feed

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Journal Article: Endogenous innovation: the creative response (2017) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:uto:labeco:201704

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