Callegari, Beniamino,
Foundations of post-Schumpeterian economics : innovation, institutions and finance / Beniamino Callegari. - 1 online resource. - Routledge frontiers of political economy .
"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 provided by financial speculation under capitalist conditions. Third, it provides the foundations for a post-Schumpeterian theory of capitalist crisis, built on the relationship between innovation funding, the institutional development of banking and speculative credit creation. Finally, by discussing several key recent developments in evolutionary economics, the interpretation illustrates the opportunities unlocked by a pluralist approach to disciplinary development, aiming towards the development of a comprehensive post-Schumpeterian approach to economics. This text is essential reading for scholars and students of Schumpeter, evolutionary economics, post-Keynesian economics, institutional economics, and all economists interested in the ontological, methodological and theoretical challenges posed by economic development. Beniamino Callegari is a Researcher at the School of Economics, Innovation, and Technology of Kristiania University College, Norway"--
9780429265211 0429265212 9780429555763 0429555768 9780429560231 0429560230 9780429564703 0429564708
Schumpeter, Joseph A., 1883-1950.
Evolutionary economics.
Economic development.
Technological innovations--Economic aspects.
BUSINESS & ECONOMICS / Economic History
HB97.3
330.15
Foundations of post-Schumpeterian economics : innovation, institutions and finance / Beniamino Callegari. - 1 online resource. - Routledge frontiers of political economy .
"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 provided by financial speculation under capitalist conditions. Third, it provides the foundations for a post-Schumpeterian theory of capitalist crisis, built on the relationship between innovation funding, the institutional development of banking and speculative credit creation. Finally, by discussing several key recent developments in evolutionary economics, the interpretation illustrates the opportunities unlocked by a pluralist approach to disciplinary development, aiming towards the development of a comprehensive post-Schumpeterian approach to economics. This text is essential reading for scholars and students of Schumpeter, evolutionary economics, post-Keynesian economics, institutional economics, and all economists interested in the ontological, methodological and theoretical challenges posed by economic development. Beniamino Callegari is a Researcher at the School of Economics, Innovation, and Technology of Kristiania University College, Norway"--
9780429265211 0429265212 9780429555763 0429555768 9780429560231 0429560230 9780429564703 0429564708
Schumpeter, Joseph A., 1883-1950.
Evolutionary economics.
Economic development.
Technological innovations--Economic aspects.
BUSINESS & ECONOMICS / Economic History
HB97.3
330.15