Abstract
Understanding how innovation comes about is essential to furthering economic development and sustainable transitions. Noting “creative response” (Schumpeter, 1947) as a broad notion of how agents respond to changes in their environment, this lemma surveys main contributions to our understanding of innovation as endogenous to social and economic mechanisms. Through a review of economic historical debates, this entry discusses the problem of to what extent significant innovations emerge “ab nihilo”, or reflect the problems and opportunities of the day.
| Original language | English |
|---|---|
| Title of host publication | Elgar Encyclopedia on the Economics of Knowledge and Innovation |
| Editors | Cristiano Antonelli |
| Publisher | Edward Elgar Publishing |
| Pages | 71-80 |
| Number of pages | 10 |
| ISBN (Electronic) | 978 1 83910 698 9 |
| ISBN (Print) | 978 1 83910 698 9 |
| Publication status | Accepted/In press - 2022 Oct |
Subject classification (UKÄ)
- Economic History