Foundations of Post-Schumpeterian Economics

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A01=Beniamino Callegari
Author_Beniamino Callegari
Bergsonian Conceptualization
Bergsonian creative evolution
Category=KCA
Category=KCP
Category=KCZ
Circular Flow
Creative Response
economic growth
economic innovation
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eq_business-finance-law
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eq_isMigrated=2
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evolutionary economics
financialization
General Darwinism
General Purchasing Power
inequality
institutional economics
Keynes
monetary mechanisms
NEET
Neo Schumpeterian School
neo-Schumpeterian Economics
post-Keynesian economics
Post-Schumpeterian economics
Pure Economic
Schumpeter
Schumpeter Argued
Schumpeter's Conceptualization
Schumpeter's Model
Schumpeterian Contribution
Schumpeterian Economics
Schumpeterian Framework
Schumpeterian School
Schumpeterian Theory
Schumpeterian Thought
Schumpeterian Vision
Schumpeter’s Conceptualization
Schumpeter’s Model
Secondary Wave
Technological innovation
Timeless
Vice Versa
Violate
Windfall Profits

Product details

  • ISBN 9780367210663
  • Weight: 580g
  • Dimensions: 156 x 234mm
  • Publication Date: 31 Dec 2020
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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The neo-Schumpeterian interpretation dominating the field of evolutionary economics puts focus on technological innovation, Darwinian evolution and economic growth, and has proven to be fertile ground for the past forty years. However, as the evolutionary school attempts to engage with a world of inequality, financialization and economic fragility, the limits of such an interpretation begin to show. Contributing to the development of a more balanced post-Schumpeterian economics, this book offers a complementary interpretation of Schumpeter’s theory which is based on economic innovation, Bergsonian creative evolution and monetary mechanisms and institutions.

The theoretical consequences of this new interpretation are significant and numerous. First, it leads to a conceptual separation of economic and technological innovation. Second, it offers a deeper integration of monetary and financial elements within the theory of the process of development, illustrating the adaptive and planning role provided by financial speculation under capitalist conditions. Third, it provides the foundations for a post-Schumpeterian theory of capitalist crisis, built on the relationship between innovation funding, the institutional development of banking and speculative credit creation. Finally, by discussing several key recent developments in evolutionary economics, the interpretation illustrates the opportunities unlocked by a pluralist approach to disciplinary development, aiming towards the development of a comprehensive post-Schumpeterian approach to economics.

This text is essential reading for scholars and students of Schumpeter, evolutionary economics, post-Keynesian economics, institutional economics and all economists interested in the ontological, methodological and theoretical challenges posed by economic development.

Beniamino Callegari is a Researcher at the School of Economics, Innovation, and Technology of Kristiania University College, Norway.

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