Knowledge Based Economy in a Neo-Schumpeterian Point of View

Contemporary Issues in Economy – Growth Perspectives in Europe? (ed.) Adam. P. Balcerzak, Polish Economy Society Branch in Toruń, Institute of Economic Research, Toruń 2013

11 Pages Posted: 30 Apr 2013 Last revised: 23 Aug 2013

See all articles by Karol Śledzik

Karol Śledzik

University of Gdańsk - Faculty of Management

Date Written: April 29, 2013

Abstract

Schumpeter’s growth theory (based on innovations, entrepreneurs, long waves and “creative destruction”) seems to be most adequate to discuss principles of the Knowledge Based Economy. In the paper author discussed assumptions of Schumpeter’s theory in three subsections: “Long waves” leading to the Knowledge Based Economy, Innovation as a core of Schumpeter’s economy and Neo-Schumpeterian “growth” as a pillar of Knowledge Based Economy. The purpose of this paper is the analysis of the Neo-Schumpeterian paradigms versus Knowledge Based Economy. Conclusions drawn from the study allow to state that definitions and concepts created by Schumpeter nearly over half of the century ago and Neo-Schumpeterians nowadays are perfectly in tune the objectives of the functioning of Knowledge Based Economy in XXI century.

Keywords: Innovation, Neo-Schumpeterian Economics, Knowledge Based Economy

JEL Classification: A11, B25, O11

Suggested Citation

Śledzik, Karol, Knowledge Based Economy in a Neo-Schumpeterian Point of View (April 29, 2013). Contemporary Issues in Economy – Growth Perspectives in Europe? (ed.) Adam. P. Balcerzak, Polish Economy Society Branch in Toruń, Institute of Economic Research, Toruń 2013. Available at SSRN: https://ssrn.com/abstract=2257765 or http://dx.doi.org/10.2139/ssrn.2257765

Karol Śledzik (Contact Author)

University of Gdańsk - Faculty of Management ( email )

ul. Armii Krajowej 101, 81-824
ul. Bażyńskiego 1A,
Gdańsk, 80-952
Poland

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