Edward Elgar Publishing Recent Advances in Neo-Schumpeterian Economics: Essays in Honour of Horst Hanusch

Product Description 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. About the Author 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