Uwe Cantner How Is Economic Change Influenced by Innovations?
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Friedrich Schiller University Jena (Friedrich-Schiller-Universität Jena)Jena, Germany
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Innovation can be both creative and destructive. It creates new patterns of social and economic life, while at the same time destroying or reforming existing ones. That means that innovations are the product of a given economic system and at the same time change the system they are part of. As UWE CANTNER points out in this video, the economics of innovation and change is shaped by different actors, which influence each other and together contribute to overall structural change. Research thus far has been unable to explain this structural change theoretically and provide empirical evidence. But by combining different theoretical lines of thinking an economic pattern that responds to economic reality can be drawn up.
LT Video Publication DOI: https://doi.org/10.21036/LTPUB10315
Foundations of Economic Change: An Extended Schumpeterian Approach
- Uwe Cantner
- Journal of Evolutionary Economics
- Published in 2016