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Ekonomická teorie inovací

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  • Marek Loužek

Abstract

The engine that drives prosperity in the modern world is the increasingly rapid emergence of useful knowledge. The aim of the paper is to present the basic ideas of the economic theory of innovation. The first part of the paper outlines the theory of endogenous growth and technological change. The second part reveals the nature of innovation. The third part presents creative destruction as part of technological development. The fourth part explains the paradox of progress: why we produce more from less. The fifth part outlines the future as an age of abundance.

Suggested Citation

  • Marek Loužek, 2023. "Ekonomická teorie inovací," Politická ekonomie, Prague University of Economics and Business, vol. 2023(5), pages 619-638.
    • Handle: RePEc:prg:jnlpol:v:2023:y:2023:i:5:id:1394:p:619-638
    DOI: 10.18267/j.polek.1394
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Robert J. Gordon, 2016. "The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War," Economics Books, Princeton University Press, edition 1, number 10544.
    3. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    4. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    5. Antung Anthony Liu & Hiroaki Yamagami, 2018. "Environmental Policy in the Presence of Induced Technological Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(1), pages 279-299, September.
    6. Cristiano Antonelli, 2016. "A Schumpeterian growth model: wealth and directed technological change," The Journal of Technology Transfer, Springer, vol. 41(3), pages 395-406, June.
    7. Yoshinori Shiozawa, 2020. "A new framework for analyzing technological change," Journal of Evolutionary Economics, Springer, vol. 30(4), pages 989-1034, September.
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    More about this item

    Keywords

    Innovation; endogenous growth; technological change; creative destruction;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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