Innovation, Knowledge and Growth
Adam Smith, Schumpeter and the Moderns
Published December 2nd 2011 by Routledge – 192 pages
This book deals with the prime movers of socio-economic development, innovations and technical change, their origins, forms and effects. It contains a set of closely related chapters, some of which have been previously published as papers in scholarly journals
"In this collection of theoretically refined and deeply thoughtful essays, Heinz Kurz considers the themes of knowledge and innovation in relation to economic growth, casting great light on the state of contemporary theorizing of these issues – not least, by contrasting modern approaches with those of the classical economists. In a set of concise and elegant subsidiary essays in this volume the analytical character of classical economics is further, and brilliantly, clarified. It should be essential reading for anyone interested in the causes of growth, particularly in relation to the role of innovation, and for those interested in the history of growth theory. Those who perceive themselves as engaged in ‘neo-Schumpeterian’ research programs will have much to learn from this collection." - Tony Aspromourgos, University of Sydney, Australia
1. Introduction 2. Technical Progress, Capital Accumulation and Income Distribution in Classical Economics: Adam Smith, David Ricardo and Karl Marx 3. Joseph A. Schumpeter – An Economist between Marx and Walras 4. Innovations and Profits. Schumpeter and the Classical Heritage 5. On the Growth of Knowledge about the Role of Knowledge in Economic Growth. A Critical Assessment of Recent Literature on Growth Theory 6. Who is going to kiss Sleeping Beauty? On the ‘Classical’ Analytical Origins and Perspectives of Input-Output Analysis 7. Whither the History of Economic Thought? Going Slowly Rather Nowhere?