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Innovation as a creative response

In: Endogenous Innovation

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Abstract

The chapter uncovers the merits of the essay ‘The creative response in economic history’ published by Joseph Alois Schumpeter in the Journal of Economic History in 1947 and ‘almost’ forgotten since then. Correct appreciation of this contribution is important for two reasons. First, it enables us to better understand the evolution of Schumpeter’s thinking. The 1947 contribution should be regarded as the final attempt to provide a synthesis of his evolving approaches to understanding the origins, causes and consequences of innovation in economics and in the economy. Second, the 1947 essay portrays innovation as the result of a creative reaction conditional on the context in which it takes place, anticipating the notion of innovation as an emergent property of system dynamics.

Suggested Citation

  • ., 2017. "Innovation as a creative response," Chapters, in: Endogenous Innovation, chapter 2, pages 25-50, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15330_2
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    Cited by:

    1. Samuel Adomako & Mai Dong Tran, 2022. "Environmental collaboration, responsible innovation, and firm performance: The moderating role of stakeholder pressure," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1695-1704, May.
    2. Bartlett, Jessica Dym & Rushovich, Berenice, 2018. "Implementation of Trauma Systems Therapy-Foster Care in child welfare," Children and Youth Services Review, Elsevier, vol. 91(C), pages 30-38.
    3. Gorgi Krlev, 2023. "Calibrating for Progress: What are the Instrumental Functions of Theory in Management Research?," Journal of Management Studies, Wiley Blackwell, vol. 60(4), pages 963-990, June.

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