The neo-Schumpeterian approach to innovation and Keynes's probability
Initial Explorations
Bibliographic Data
| ID | 4368536 |
|---|---|
| Authors | Marco Crocco (0000-0001-8775-3504, Universidade Federal de Minas Gerais, corresponding author) |
| Year | 1999 |
| Volume | 19 |
| Issue | 4 |
| Pages | 581-601 |
| Publication date | 1999-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Brazilian Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0101-3157 • E-ISSN: 1809-4538 |
| Publisher | FapUNIFESP (SciELO) (PUBLISHER) |
| DOI | 10.1590/0101-31571999-1076 |
| OpenAlex | W3186030383 |
| SCIELO_PID | S0101-31571999000400581 |
| Language | EN |
| Citations received | 1 |
| References cited | 12 |
The aim of the paper is to show that Keynes's concept of probability can enrich the understanding of the process of the introduction of innovation offered by the Neo- Schumpeterian approach. To deal with uncertainty Neo-Schumpeterians introduce the concept of routines. What is suggested here is that the concepts of Degree of Rational Belief and Weight of Argument, which come from the Keynes theory of probability, when used together with the concept of routines, help understand the rationality of the decision-making process in introduction of an innovation
Argument (complex analysis · Economics · Epistemology · Innovation process · Mathematical economics · Microeconomics · Neoclassical economics · Positive economics · Process (computing · Rationality · Computer Science · Economic Development and Digital Transformation · Economic Theory and Institutions · Economic Theory and Policy · Philosophy
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,08 |
| Citation span | 2013 - 2013 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |