Foundations of Post-Schumpeterian Economics (häftad, english) Taylor & francis ltd

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Taylor & francis ltd

The neo-Schumpeterian interpretation dominating the field of evolutionary economics puts focus on technological innovation, Darwinian evolution and economic growth, and has proven to be fertile ground for the past forty years. However, as the evolutionary school attempts to engage with a world of inequality, financialization and economic fragility, the limits of such an interpretation begin to show.Contributing to the development of a more balanced post-Schumpeterian economics, this book offers a complementary interpretation of Schumpeter’s theory which is based on economic innovation, Bergsonian creative evolution and monetary mechanisms and institutions.The theoretical consequences of this new interpretation are significant and numerous.First, it leads to a conceptual separation of economic and technological innovation. Second, it offers a deeper integration of monetary and financial elements within the theory of the process of development, illustrating the adaptive and planning role

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