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Recent Advances in Neo-Schumpeterian Economics

Essays in Honour of Horst Hanusch Edited by Andreas Pyka, Professor and Chair in Innovation Economics, University of Hohenheim, Germany, Uwe Cantner, Professor of Economics, Friedrich Schiller University of Jena, Germany, Alfred Greiner, Professor of Economics, Bielefeld University, Germany and Thomas Kuhn, Professor of Economics, Chemnitz University of Technology, Germany
This judicious selection of recent essays demonstrates the applicability of the fundamental principles of neo-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a comprehensive economic theory encompassing industry, the public sector and financial markets.
Extent: 264 pp
Hardback Price: £84.00 Web: £75.60
Publication Date: 2009
ISBN: 978 1 84720 663 3
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  • Economics and Finance
  • Economics of Innovation
  • Evolutionary Economics
  • Innovation and Technology
  • Economics of Innovation
This judicious selection of recent essays demonstrates the applicability of the fundamental principles of neo-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a comprehensive economic theory encompassing industry, the public sector and financial markets.

Neo-Schumpeterian economics has become a prolific field with a major orientation towards innovation-driven industrial dynamics. However, a truly comprehensive neo-Schumpeterian approach argues that innovation is also an important element in both the public and financial sectors. For example, a lack of public infrastructure or speculative bubbles in financial markets can hinder or even prevent economic development. The expert contributions to this book deal with the future orientation of the subject in terms of innovative performance in the industrial, financial and public sectors. Recent Advances in Neo-Schumpeterian Economics can be considered a first attempt to substantiate the comprehensive neo-Schumpeterian approach, of which Horst Hanusch has been a leading proponent.

This unique and path-breaking book will be of great interest and value to researchers in the fields of innovation, industrial economics, financial markets and the public sector.
Contributors: A. Alcouffe, C. Alcouffe, U. Cantner, G. Dosi, B. Drees, B. Eckwert, P. Flaschel, M. Grazzi, A. Greiner, A. Heertje, F. Kugler, T. Kuhn, S. Metcalfe, M. Pickhardt, A. Pyka, A. Röthig, P.P. Saviotti, N. Schütt, W. Semmler
Contents:

Introduction
Uwe Cantner, Alfred Greiner, Thomas Kuhn and Andreas Pyka

PART I: INDUSTRY AND INNOVATION
1. Competition in Innovation
Uwe Cantner

2. Energy, Development and the Environment: An Appraisal Three Decades After the ‘Limits to Growth’ Debate
Giovanni Dosi and Marco Grazzi

3. Marshall and Schumpeter: Evolution and the Institutions of Capitalism
Stanley Metcalfe

PART II: FINANCE IN MODERN ECONOMICS
4. The Co-evolution of Technologies and Financial Institutions
Pier Paolo Saviotti and Andreas Pyka

5. The Role of Information and Risk Sharing for R&D Investment, Technological Change and Economic Welfare
Burkhard Drees and Bernhard Eckwert

6. Bubbles, Crashes and the Psycho-Economic Forces Behind Them
Friedrich Kugler

7. Corporate Currency Hedging and Currency Crises
Andreas Röthig, Willi Semmler and Peter Flaschel

PART III: THE PUBLIC SECTOR AND THE FUTURE OF THE WELFATE STATE
8. Public Debt and Public Spending in Germany: The Last 40 Years
Alfred Greiner and Norbert Schütt

9. Biofuels, Innovations and Endogenous Growth
Thomas Kuhn and Michael Pickhardt

10. Paretian Welfare Theory and European Competition Policy
Arnold Heertje

11. French Industrial Policy
Alain Alcouffe and Christiane Alcouffe

Index