This study suggests that the origins of the economics of technical change go back to many years before Schumpeter’s contributions. The Scottish philosopher John Rae with his book Statement of Some New Principles on the Subject of Political Economy, issued in 1834, put forward the basis of the...

The fundamental question in the economics of innovation is how technological change is generated in competitive markets. This study confronts this question here by developing the concept of disruptive firms that deliberate introduce new and improved generations of durable goods that destroy,...

The present inductive study shows two main effects of new technological paradigms in medicine driven by convergent genomics, genetics and proteomics (e.g., targeted therapies): 1) division of scientific/technological labour by strategic alliances among firms to reinforce the integrative...