Analyzing “Innovation” in economics

Kakkar, Shrey (2021): Analyzing “Innovation” in economics.

Abstract

This article discusses existing theories on “Innovation” since the 1940s. It differentiates between “Innovation” and “Invention”, and presents examples of innovation that are modelled by theory.

• Item Type: MPRA Paper
• Language: English
• Keywords: Innovation, Invention
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B20 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B25 - Historical ; Institutional ; Evolutionary ; Austrian; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives

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