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...

This volume presents the interrelationships and possible connecting threads between two recent attempts within economic theory to step out of the mainstream of conventional neoclassical wisdom: evolutionary and neo-Schumpeterian theory. Neo-Schumpeterian and evolutionary approaches to economics...

1. Introduction -- 2. Technical progress, capital accumulation and income distribution in classical economics : Adam Smith, David Ricardo and Karl Marx -- 3. Joseph A. Schumpeter : an economist between Marx and Walras -- 4. Innovations and profits : Schumpeter and the classical heritage -- 5. On...

1. Invention, institutional change and economic development: from Scottish Enlightenment to the IPE -- 2. Friedrich List, contemporaries and followers: national innovation policies revisited -- 3. Transhumanism as alienation in Marx's humanist approach -- 4. Energy efficiency, productivity and...

Beyond private ownership of the means of production, what is the most important, or essential, fact of capitalism? Friedrich A. Hayek thought it was the economy of knowledge with which the system operated, whereas for Joseph A. Schumpeter it was the process of creative destruction. To our...