Since 2014
The origins of the economics of Innovation
Journal of Economic and Social Thought
View Archive Info| Field | Value | |
| Title |
The origins of the economics of Innovation
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| Creator |
COCCIA, Mario; CNR -- National Research Council of Italy &Arizona State University
CNR -- National Research Council of Italy Via Real Collegio, 30-10024, Moncalieri (TO), Italy
Arizona State University | Center for Social Dynamics and Complexity 550 East Orange St., Tempe, AZ | 85287-4804 |
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| Subject |
Invention; History of technology; Economic growth; New technology; Technological change; Economics of innovation; Economics of technical change.
B11; B12; B31; B40; O30. |
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| Description |
Abstract. This study suggests that the origins of the economics of technical change go back to many years before Schumpeter’s contributions. The Scottish philosopher John Rae with his book Statement of Some New Principles on the Subject of Political Economy, issued in 1834, put forward the basis of the Economics of innovation individuating the nature, causes of technological innovations (e.g., steam engine) and effects of technological progress on economic growth of nations. Rae also discusses the evolution and role of vital technologies for the wealth and employment in Europe and North America. Overall, then, Rae’s work is basic for the origin of the Economics of innovation, for defining the domain of this discipline and for explaining the effects of vital technologies in society. However, the conclusions of this study are tentative. There is need for much more detailed research into this research topic. Keywords. Invention, History of technology, Economic growth, New technology, Technological change, Economics of innovation, Economics of technical change.JEL. B11, B12, B31, B40, O30.
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| Publisher |
Journal of Economic and Social Thought
Journal of Economic and Social Thought |
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| Contributor |
—
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| Date |
2018-03-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEST/article/view/1574
10.1453/jest.v5i1.1574 |
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| Source |
Journal of Economic and Social Thought; Vol 5, No 1 (2018): March; 9-28
Journal of Economic and Social Thought; Vol 5, No 1 (2018): March; 9-28 2149-0422 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEST/article/view/1574/1591
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| Rights |
Copyright (c) 2018 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0 |
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