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- W2560644316 abstract "The studies on the concept innovation and its effect on growth gained acceleration, especially after Second World War. Smith, a classical economist, says that there is division of work in the foundation of wealth of countries and technological innovations emerged as a result of division of work. In Neoclassical understanding, innovativeness was handled as a driving force on the back of growth and evaluated as externality. According to evolutionary economy, the ability to be able to make innovation is an extension of the existing system. This development revealed the system approaches in innovation. According to this approach, to be able to make innovation in a society is a result of interaction of all actors, economic or non –economic, in that society. The most important contribution of Schumpeter to the science of economics is that he made analyses becoming dominant the role of entrepreneur and innovations in the market system. Schumpeter, who stands on the dynamic role of entrepreneurs in economic development and defines the entrepreneur as someone who has taken the innovations, defined entrepreneurs bring innovations in production through discoveries as the driving force of liberal capitalist development. In other words, Schumpeter treats technological innovation and entrepreneurial activity as forces which transfer productive resources of the static economy to dynamic innovations. This activity is expressed as the entrepreneurship’s innovative development firstly is taken by Schumpeter but also concepts of entrepreneurship and innovation are interpreted in different ways by different schools of economics. This study firstly reviews comments on the theoretical basics of innovation in the history of economic thought, and then explores the innovative entrepreneur analysis of Schumpeter." @default.
- W2560644316 created "2016-12-16" @default.
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- W2560644316 date "2015-01-01" @default.
- W2560644316 modified "2023-09-24" @default.
- W2560644316 title "JOSEPH A. SCHUMPETER'S PERSPECTIVE ON INNOVATION" @default.
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