Knowledge Based Economy in a Neo?Schumpeterian Point of View
DOI:
https://doi.org/10.12775/EQUIL.2013.027Keywords:
innovation, Neo-Schumpeterian Economics, knowledge based economyAbstract
Schumpeter?s growth theory (based on innovations, entrepreneurs, long waves and ?creative destruction?) seems to be most adequate to discuss principles of the Knowledge Based Economy. In the paper, the author discussed the assumptions of Schumpeter?s theory in three subsections: ?Long waves? leading to the Knowledge Based Economy, Innovation as a core of Schumpeter?s economy, and Neo-Schumpeterian ?growth? as a pillar of Knowledge Based Economy. The purpose of this paper is to show the Neo-Schumpeterian paradigms versus Knowledge Based Economy. Conclusions drawn from the study allow to state that definitions and concepts created by Schumpeter nearly over half of the century ago and Neo- Schumpeterians nowadays are perfectly in tune with the objectives of the functioning of Knowledge Based Economy in XXI century.
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References
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Śledzik K. (2012b), How to Measure Intangible Resources in Listed Companies ,Theory of management 5 The Selected Problems for the Development Support of Management Knowledge Base, Faculty of Management Science and Informatics, University of Zilina.
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Burton-Jones A. (1999), Knowledge Capitalism ? Business, Work, and Learning in the New Economy, Oxford University Press, Oxford.
Castellacci F, (2003), A neo-Schumpeterian Approach to why Growth Rates Differ, Working paper 04/03, August 2003, Centre for technology, innovation and culture.
Daum J.H. (2002), Intangible Assets and Value creation, John Wiley & Sons, United Kingdom.
Dopfer K. (2007), The pillars of Schumpeter?s economics: micro, meso, macro [in:] H. Hanusch, A. Pyka (eds.), Elgar Companion on Neo-Schumpeterian Economics, Edward Elgar, Cheltenham,
Fagerberg J., Mowery D.C., Nelson R.R. (ed.) (2005), The Oxford Handbook of Innovation, Oxford University Press, Oxford, New York Freeman C., Clark, J., Soete L. (1982), Unemployment and technical innovation, Pinter, London.
Freeman C. (1987), Technology Policy and Economic Performance: Lessons from Japan, Frances Printer Publishers, London, New York
Ghosh D., Wu A. (2007), Intellectual capital and capital markets: additional evidence, ?Journal of Intellectual Capital?, Vol. 8 No. 2.
Hanusch H., Pyka, A. (2007), Introduction [in:] Hanusch H., Pyka, A. (eds.), Elgar Companion to Neo-Schumpeterian Economics, Edward Elgar, Cheltenham,
Hanusch H., Pyka, A. (2007a), Elgar Companion to Neo-Schumpeterian Economics, Edward Elgar, Cheltenham.
Hartmann D. (2009), Sen meets Schumpeter: Towards an agent oriented theory of inequality and qualitative change, www.capabilityapproach.com.
Kujansivu P., Lonnqvist A. (2007), Investigating the value and efficiency of Intellectual capital, ?Journal of Intellectual Capital?, Vol. 8 No. 2.
Lev B. (2001), Intangibles, Management measuring and reporting, The brooking institution, Washington
Louca F. (2007), Long waves, the pulsation of modern capitalism, ?Industrial Corporate Change?, Vol. 2.
OECD (1995), Technology, Productivity and Job Creation, Vol. I and II, The OECD Job Strategy, Paris,
OECD (1996), The knowledge based economy, General Distribution OCDE/GD(96)102
Porter M.E., Stern, S. (1999), The New Challenge to America?s Prosperity: Findings from the Innovation Index, Council on Competitiveness, Washington, DC.
Rosenberg N., Frischtak C.R. (1984), Technological innovation and long waves, ?Cambridge Journal of Economics?.
Saviotti P.P. (1996), Technological Evolution, Variety and the Economy, Cheltenham, Edward Elgar
Saviotti P.P., Pyka A. (2004), Economic development by the creation of new sectors, ?Journal of Evolutionary Economics?, Vol. 14, No. 1.
Schumpeter J.A. (1912), The Theory of Economic Development, tenth printing 2004, Transaction Publishers, New Brunswick, New Jersey.
Schumpeter J.A. (1934), The theory of economic development: an inquiry into profits, capital, credit, interest and the business cycle, Harvard Economic Studies, Vol. 46, Harvard College, Cambridge, MA.
Schumpeter J.A. (1939), Business Cycles: A Theoretical, Historical and Statistical Analysis of the Capitalist Process, 2 Vol., New York: McGraw-Hill.
Schumpeter J.A. (1942), Capitalism, Socialism and Democracy, 3rd edn, London: George Allen and Unwin.
Schumpeter J.A. (1943), ?Capitalism in the postwar world?, in S.E. Harris (ed.), Postwar Economic Problems, in Essays (Schumpeter, 1951).
Sveiby K.E. (2010), Methods for Measuring Intangible Assets, http://www.sveiby. com/articles/IntangibleMethods.htm.
Śledzik K. (2012a), A taxonomy of intellectual capital: 2006-2009 Polish Banks Perspective, ?Financial Accounting eJournal?, Vol. 4, No 150.
Śledzik K. (2012b), How to Measure Intangible Resources in Listed Companies ,Theory of management 5 The Selected Problems for the Development Support of Management Knowledge Base, Faculty of Management Science and Informatics, University of Zilina.
Śledzik K. (2012c), The Intellectual Capital Performance of Polish Banks: An Application of VAIC? Model, ?Accounting, Corporate Governance, Law & Institutions eJournal?, Vol. 98, No. 4.
Śledzik K. (2013), BRICS, MIST (MIKT) or G5 ? Which ?Club? of Economies has the biggest growth potential?, ?Economic Growth eJournal?, Vol. 5, No. 5.
Verspagen B. (1991), A new empirical approach to catching up or falling behind, ?Structural change and economic dynamics?, Vol. 2, No. 2
World Bank (1999), World development report 1998-1999: Knowledge for Development, Oxford University press, New York.
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Published
2013-12-31
How to Cite
Śledzik, K. (2013). Knowledge Based Economy in a Neo?Schumpeterian Point of View. Equilibrium. Quarterly Journal of Economics and Economic Policy, 8(4), 67–77. https://doi.org/10.12775/EQUIL.2013.027
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Section
Knowledge Based Economy and Technology Diffusion
