This article is based upon a review of the recent book edited by C. Edquist. This book presents different articles that have the development of the Systems of Innovation Approach as a common objective. This multidisciplinary approach proposes new foundations in order to build a global theory of...

Commentators have poured forth a loud and sustained outcry over the past few years that sees property rule treatment of intellectual property (IP) as a cause of excessive transaction costs, thickets, anticommons, hold-ups, hold-outs, and trolls, which unduly tax and retard innovation,...

Ever since the dire predictions of The Limits to Growth (Meadows & al. 1972) failed to come true on time, it's been all too easy to ridicule environmentally-based arguments against economic growth as pessimistic and "Malthusian." In contrast, this paper accepts, for the sake of argument, the...

Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition is a discovery procedure that serves the common good is a case in point. The hypothesis of the markets' efficient use of existing knowledge is supplemented by the idea that...

Epistemic arguments play a significant role in Hayek’s defense of market liberalism. Hisclaim that market competition is a discovery procedure that serves the common good is acase in point. The hypothesis of the markets’ efficient use of existing knowledge issupplemented by the idea that...

We are living in a complex and dynamic world in which innovation and entrepreneurship are occupying a decisive role for economic development. According to Joseph Alois Schumpeter “carrying out innovations is the only function which is fundamental in history”. He also accented that It is...

Schumpeter's growth theory (based on innovations, entrepreneurs, long waves and “creative destruction”) seems to be most adequate to discuss principles of the Knowledge Based Economy. In the paper author discussed assumptions of Schumpeter's theory in three subsections: “Long waves”...

This is the second of two essays on the influences of Peter Drucker's exposure to proponents of the Austrian School of economics on his writing and philosophical views. In the first essay, “On the Foundations of the Drucker Vision,” I review the major influences that appear to have shaped...

Abstract: Drawing on McCraw's (2007) biography, this paper assesses the character of Joseph Schumpeter. After a biographical summary of Schumpeter's life and career as an economist, the paper considers a thread of deliberate posturing and pretense in Schumpeter's grandiose ambitions and claims...

Seabury Gilfillan was an American sociologist who is considered a seminal but neglected author in invention studies. Gilfillan published his first important contributions to the sociology of invention in the thirties, when he had a correspondence with Schumpeter. Comparisons between the two...