Routledge Economics of an Innovation System - Academic Book

Explore the complex dynamics of innovation through a new lens. Economics of an Innovation System: Inside and Outside the Black Box offers a unique approach to understanding how innovation functions within a broader economic framework. Unlike previous literature that focuses on either the internal or external aspects of innovation systems, this book provides a comprehensive analysis using a general equilibrium framework. Readers will gain access to models of path-dependent endogenous growth and an examination of the black box from an intersectoral perspective. The text also introduces an innovation flow matrix to help clarify these economic processes. By accounting for business cycles and endogenous innovation, this Routledge publication provides a deep look at how these elements interact within the economy. This is an essential resource for students and professionals studying the theory and philosophy of economics.