Esben Sloth Andersen

Jan Fagerberg

Ben R. Martin

Innovation is increasingly recognized as a vitally important social and economic phenomenon worthy of serious research study. Firms are concerned about their innovation ability, particularly relative to their competitors. Politicians care about innovation, too, because of its presumed social and economic impact. However, to recognize that innovation is desirable is not sufficient. What is required is systematic and reliable knowledge about how best to influence innovation and to exploit its effects to the full. Gaining such knowledge is the aim of the field of innovation studies, which is now at least half a century old. Hence, it is an opportune time to ask what has been achieved and what we still need to know more about. This is what this book sets out to explore. Written by a number of central contributors to the field, it critically examines the current state of the art and identifies issues that merit greater attention. The focus is mainly on how society can derive the greatest benefit from innovation and what needs to done to achieve this. However, to learn more about how society can benefit more from innovation, one also needs to understand innovation processes in firms and how these interact with broader social, institutional and political factors. Such issues are therefore also central to the discussion here.

Evolution and Future Challenges

Innovation Studies

Joseph Schumpeter’s views on innovation, entrepreneurship and creative destruction are widely cited in many fields of the social sciences, and are influential in policy and decision making, yet they have often been misinterpreted and misunderstood. ‘Schumpeter’s Evolutionary Economics’ fills this void of analysis by introducing novel interpretations of Schumpeter’s five major works, and tracing the development of his intellectual theory and framework. In so doing it places our understanding of Schumpeter on a new and firmer footing. Esben Sloth Andersen was awarded the Gunnar Myrdal Prize for 2010 for ‘Schumpeter’s Evolutionary Economics’. The Myrdal Prize is awarded annually for the best monograph on a theme broadly in accord with the research perspectives of the European Association for Evolutionary Political Economy.

A Theoretical, Historical and Statistical Analysis of the Engine of Capitalism

Schumpeter's Evolutionary Economics

Andreas Pyka

The book gives an overview of important research topics recently addressed in evolutionary Neo-Schumpeterian Economics. The list of research questions and applications of Neo-Schumpeterian reasoning impressively demonstrates the rich possibilities ranging from theoretical issues addressing human behaviour to applied areas like the emergence of biotechnology in developing countries, the role of innovation on financial markets and the R&D strategies of multinational enterprises. The chapters in this book bring together a rich set of new analytical and empirical methodologies which allow for new relevant and rigorous insights in innovation processes which are responsible for economic development and structural change.​

Demand, Finance, Organization, Policy and Innovation in a Schumpeterian Perspective

Long Term Economic Development

Kristian Philipsen

Free-range Pork Innovation and Control of a New Credence Good

Esben Sloth Andersen

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