Hanusch, Horst; Pyka, Andreas - Institut für Volkswirschaftlehre, Fakultät für … - 2005
Within the last 25 years large progress has been made in Neo-Schumpeterian Economics, this branch of economic …, institutional and social innovation has to be considered as the normative principle of Neo-Schumpeterian Economics. In this sense …, innovation plays a similar role in Neo-Schumpeterian Economics like prices do in Neoclassical Economics. Instead of allocation …