European Parliament Library

Foundations of post-Schumpeterian economics, innovation, institutions and finance, Beniamino Callegari

Label
Foundations of post-Schumpeterian economics, innovation, institutions and finance, Beniamino Callegari
Language
eng
resource.biographical
contains biographical information
Index
index present
Literary Form
non fiction
Main title
Foundations of post-Schumpeterian economics
Nature of contents
bibliographystandards specifications
Oclc number
1193558113
Responsibility statement
Beniamino Callegari
Series statement
Routledge Frontiers of Political Economy
Sub title
innovation, institutions and finance
Summary
"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"--, Provided by publisher
Target audience
adolescent
Classification
Content
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