Schumpeter's growth theory (based on innovations, entrepreneurs, long waves and “creative destruction”) seems to be most adequate to discuss principles of the Knowledge Based Economy. In the paper author discussed assumptions of Schumpeter's theory in three subsections: “Long waves”...

Today, digital governments are creating novel digital business environments to promote enterprise innovation. How can enterprises benefit from this while minimizing the risks of working with the digital government? We explored this issue using data from China's1528 A-share firms over a decade....

Entrepreneurs have two advantages over credentialed experts. They “know” less of what is false, and they (informally) know more of what is true. They know less of what is false because they are either ignorant of, or willing to ignore, the currently dominant theories. They know more of what...

Hayeks frühes Plädoyer zugunsten dezentraler Planung beruht auf seinem innovativen Argument überlegener Wissensverarbeitung, das dem Wettbewerb wichtige gesell-schaftspolitische Funktionen zuschreibt. In seinen späteren Schriften hat er herausgear-beitet, wie wichtig der Wettbewerb ist, um...