Schumpeter laid down the two cornerstones of the economics of knowledge: the limits of the rewards that innovators can cash and the consequent externalities associated with their introduction. An enquiry into the economic properties of knowledge as an economic good can be regarded as the outcome of a long-time effort of investigation and articulation of the Schumpeterian hypothesis concerning the limited benefits of innovators.
THE ECONOMIC PROPERTIES OF INFORMATION AND KNOWLEDGE: AN INTRODUCTION
ANTONELLI, Cristiano;
2016-01-01
Abstract
Schumpeter laid down the two cornerstones of the economics of knowledge: the limits of the rewards that innovators can cash and the consequent externalities associated with their introduction. An enquiry into the economic properties of knowledge as an economic good can be regarded as the outcome of a long-time effort of investigation and articulation of the Schumpeterian hypothesis concerning the limited benefits of innovators.
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