This paper is devoted to the analysis of evolution of innovation concepts, aspect and types. First emergence and evolution of different aspects and concepts of innovation are analysed, then the development of innovation concepts from a historical perspective and finally an overview given of...

Institutional changes in the economy have been the research subject of many economists, the majority of studies are carried out within neoinstitutionalism. In this paper the author attempts to analyze current institutional changes in terms of the old or traditional institutionalism. The author...

The paper presents the analysis of recent developments of Schumpeterian theory of entrepreneurship and innovation in light of evolutionary economics.

The purpose of this paper is to provide a broad overview of the field of innovation studies. We focus on the the economics and sociology of innovation, which we can define as the study of the dynamic processes of generation, development, adoption ad diffusion of innovations in the economic and...

This paper presents a somewhat novel theory of innovation in the economy wide setting. The starting point for this theory is the creative destruction process at the firm and industry level. However, an extension to an economy wide setting requires the explicit theorization of the role of the...

Article about the role of determinism in the development of social processes. Author from the standpoint of the materialist dialectic analyzes the dynamics and patterns of social processes in Russia. Particular attention is paid to the criticism of religious and ideological concepts of...

An article about the origin, evolution and laws of formation of enterprise systems in the social environment of modern industrial society. The author analyzes the fundamental differ-ences between business and enterprise systems, proving the thesis of the monopolistic nature of corporations in...

This article gives an overview of the life and work of Bulgarian economist Georgi Danailov in the beginning of the 20th century. Studied consequently in Moscow, Berlin, Munich and Vienna under such influential scholars of his time as Chuprov, Yanzhulov, Schmoller, Sombart and Brentano, Danailov...

Property rights are the core of economic development. Property rights are essential for the people to believe in the market system. The paper discusses importance of property rights, problems in the property rights in Pakistan, possibility of designing property rights in Pakistan and its impact...

The aim of this paper is to investigate the relationship between market power, governance and patenting activity in a sample of 25 OECD countries from 1988-2007. Controlling for a wide range of innovation predictors, we report that governance quality is related positively with patenting activity...