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Rediscovering Schumpeter

Rediscovering Schumpeter

          
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About the Book

If creative destruction is a contradiction, why is it the driving force in the economy? Joseph Schumpeter answered this question in the early part of the twentieth century. He described the introduction of innovation into economic activity as the destruction of existing arrangements. In this book, perspectives from and about different parts of the world and diverse human, socio-economic, technological and cultural contexts are inter-woven to produce an emerging new world-view on how specialized knowledge can serve as the unit of reference and driver of innovation within the knowledge economy, society and polity. At the center of this lies the Mode 3 Innovation Ecosystem or knowledge production system, an evolutionary product of the work of Joseph Schumpeter on creative destruction and technological change. Mode 3 consists of mutually complementary and reinforcing Innovation Networks and Knowledge Clusters (Carayannis and Campbell, 26) and is a multi-layered, multi-modal, multi-nodal and multi-lateral system, consisting of human and intellectual capital, shaped by social capital and underpinned by financial capital. Key attributes of Mode 3 are the co-opetition and co-evolution of different knowledge paradigms and modes of knowledge production and use, as well as their co-specialization.

About the Author

ELIAS G. CARAYANNIS is Professor of Technology, Innovation and Entrepreneurship at the Department of Information Systems and Technology Management, as well as Director of Research for Science, Technology, Innovation and Entrepreneurship, European Research Centre (EURC) and Co-Founder and Co-Director of the Global and Entrepreneurial Research Institute at the School of Business, George Washington University, USA. He consults for the World Bank, the European Commission, USAID, and other public and private entities including large and small technology-driven firms in the US, Europe and Asia.

CHRISTOPHER ZIEMNOWICZ is Professor of Business at the University of North Carolina, USA. His teaching responsibilities and research interests include marketing, management, international business and entrepreneurship.


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Product Details
  • ISBN-13: 9781349728657
  • Publisher: Palgrave MacMillan UK
  • Binding: Hardcover
  • Language: English
  • Spine Width: mm
  • Width: 140 mm
  • ISBN-10: 1349728659
  • Publisher Date: 14 Jan 2014
  • Height: 216 mm
  • Returnable: Y
  • Weight: 0 gr


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