Blade Runner Economics: Will Innovation Lead the Economic Recovery?

@inproceedings{Archibugi2017BladeRE,
  title={Blade Runner Economics: Will Innovation Lead the Economic Recovery?},
  author={Daniele Archibugi},
  year={2017}
}
According to Schumpeterian theories, economic expansions are associated with the introduction of successful new products, processes and services while depressions are linked to stagnant periods with few innovations. Can the economic crisis set in motion in 2008 be explained by the inability to innovate and upgrade production? And, conversely, will an economic recovery require a new stream of innovations? Drawing on the debate which emerged after the 1970s economic crisis, this discussion paper… CONTINUE READING

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