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innovation bloc into their study of spontaneous market order. We demonstrate how successful entrepreneurship depends on an …
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the higher rates of entrepreneurship observed in common law countries …
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In the last decades the world changed dramatically. From a global point of view three disruptive processes are on their way which can be called revolutionary: a political, a technological and an economic revolution. This paper aims to give an overview when and how these movements started what...
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The Schumpeterian way of thinking for the analysis of innovation, as an evolutionary socioeconomic phenomenon, seems to be still of particular usefulness while the fundamental contribution by Nelson and Winter with the “evolutionary theory of economic change” is nowadays one of the most...
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This short research note highlights the similarity between Schumpeter’s theory of creative destruction and the work of his contemporary, the German theologian Adolf von Harnack (1851-1930). The note provides a brief over-view of Harnack’s concepts and terminology and highlights their...
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