The Knowledge Growth Regime: A Schumpeterian Approach

Description

‘This important new book provides a penetrating, novel analysis of the key role played by knowledge when viewed through the lens of Schumpeterian economics. It is loaded with important insights that highlight the primacy of knowledge and innovation to unleash economic growth.’ ―David B. Audretsch, Indiana University Bloomington, USA. This book combines the tools elaborated by the economics of knowledge and the legacy of Joseph Schumpeter to explore the emergence of the new knowledge economy and the shift away from the manufacturing industries. Antonelli analyzes the characteristics of the innovation process as a creative response based upon the accumulation, generation and exploitation of knowledge. He highlights the new structure of advanced economies, where knowledge is at the same time the prime input and output. With special attention to the limits of the new knowledge growth regime, raised by the role of finance, income distribution and intellectual property rights, this Palgrave Pivot recommends appropriate economic policies based upon an Open Technology approach. Front Matter ....Pages i-ix Introduction: The Economics of Knowledge for the Knowledge Economy (Cristiano Antonelli)....Pages 1-17 The Economics of Knowledge (Cristiano Antonelli)....Pages 19-67 The New Knowledge Intensive Direction of Technological Change (Cristiano Antonelli)....Pages 69-97 The Dynamics of Knowledge Governance: Schumpeterian Growth Regimes (Cristiano Antonelli)....Pages 99-123 The Political Economy of the Knowledge Growth Regime (Cristiano Antonelli)....Pages 125-141 Toward a New Knowledge Policy (Cristiano Antonelli)....Pages 143-166 Conclusions (Cristiano Antonelli)....Pages 167-175 Back Matter ....Pages 177-197