Although the area of innovation economics dates back to the early twentieth century with the seminal contributions of … sector economics that puts innovation systems in the eye of public policy decision makers. Although well researched in … academia in recent years, the role that innovation networks play in driving successful processes of innovation and …

Innovation policy is in need for a rational which allows the design and evaluation of policy instruments. In economic … intervene and which instrument should be applied. In innovation policy this rational cannot meaningfully be applied because of … the uncertain and open character of innovation processes. Uncertainty is not a market failure and cannot be repaired …

Innovation is the major driver of economic growth and development. To analyze innovation processes the restriction of a … framework suited to the analysis of innovation towards the industrial sphere of an economy is not sufficient because of the … important co-evolutionary dimensions of innovation. Instead, a comprehensive economic theoretical approach is needed which …