entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature … opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created … endogenously via R&D results in knowledge spillovers. Such spillovers give rise to opportunities to be identified and exploited by …

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …

in Mises and Hayek's explanations of the different hases of the trade cycle, by underlying the role played by knowledge …

This book surveys how economists engage with knowledge and beliefs in various fields of economic analysis, such as … perspective on the meaning, as well as the role, of knowledge and beliefs in economics in the future. Possible lines of future … action are discussed.A platform for future research and investigation into the role of knowledge and beliefs in economics …

effect of the composition of economic activity on innovation. We test whether the specialization of economic activity within … a narrow concentrated set of economic activities is more conducive to knowledge spillovers or if diversity, by bringing … together complementary activities, better promotes innovation. The evidence provides considerable support for the diversity …

the value of their potential innovation in industries characterized by a greater degree of knowledge asymmetries. Based on …The decision of how best to appropriate the value of new economic knowledge is reached by individuals within the … economic knowledge is not only imperfect but also inherently asymmetric across agents, a divergence in beliefs about its …