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Innovation can be both creative and destructive. It creates new patterns of social and economic life, while at the same time destroying or reforming existing ones. That means that innovations are the product of a given economic system and at the same time change the system they are part of. As UWE CANTNER points out in this video, the economics of innovation and change is shaped by different actors, which influence each other and together contribute to overall structural change. Research thus far has been unable to explain this structural change theoretically and provide empirical evidence. But by combining different theoretical lines of thinking an economic pattern that responds to economic reality can be drawn up.
DOI:
https://doi.org/10.21036/LTPUB10315
Institution
Friedrich Schiller University Jena (Friedrich-Schiller-Universität Jena)
The Friedrich Schiller University Jena is the only traditional university in the German state of Thuringia with 10 faculties covering all disciplines. It was founded in 1558 and today offers a broad range of almost 200 different study programmes ranging from archaeology to Studies in Economics. The student body comprises about 18,000 students who, in various rankings and studies, have time and again born testimony to the good academic and study conditions at their university.
The Friedrich Schiller University is characterized by high and strong research dynamics. It has been a long tradition at the university to work interdisciplinarily, and close cooperation with non-university research institutions and the industry have always had great importance. Research at the Friedrich Schiller University focuses around the three keywords “Light – Life – Liberty”.
Special attention and support is given to young scientists and academics at the University of Jena. With it's nationwide recognized Graduate Academy, the Friedrich Schiller University puts great emphasis on optimal qualifications and the highest possible quality standards. The more than 120 cooperation agreements with universities around the world underline the international orientation of the Friedrich Schiller University who has also been able to build up a reputation of preserving culture thanks to its 42 collections and museums. (Source: University of Jena)
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Original publication
Foundations of Economic Change: An Extended Schumpeterian Approach
Journal of Evolutionary Economics
Published in 2016
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