The Two Sides of Innovation

Creation and Destruction in the Evolution of Capitalist Economies

  • Guido Buenstorf
  • Uwe Cantner
  • Horst Hanusch
  • Michael Hutter
  • Hans-Walter Lorenz
  • Fritz Rahmeyer

Part of the Economic Complexity and Evolution book series (ECAE)

Table of contents

  1. Front Matter
    Pages i-vi
  2. Guido Buenstorf, Uwe Cantner, Horst Hanusch, Michael Hutter, Hans-Walter Lorenz, Fritz Rahmeyer
    Pages 1-7
  3. Innovation: Conditions to Successfully Create Novelty for Economic Development

    1. Front Matter
      Pages 9-9
    2. Caroline Gerschlager
      Pages 11-38
    3. Thomas Grebel
      Pages 39-53
    4. Rolf Walter, Maximilian Kalus
      Pages 109-125
  4. Innovation: Induced Structural Change, Coping and Normative Assessment

  5. Innovation and the Evolution of Capitalism

    1. Front Matter
      Pages 243-243
    2. Hardy Hanappi
      Pages 255-281
    3. Carl Christian von Weizsäcker
      Pages 283-290

About this book


​This volume is devoted to innovation with a special focus on its two sides, namely creation and destruction, and on its role in the evolution of capitalist economies. The first part of the book looks at innovation and its effects on economic performance, addressing issues of motives, behavioral rules under uncertainty, actor properties, and technology characteristics. The second part concentrates on potential consequences of innovative activities, in particular structural change, the “innovation-mediated” effect of skill-oriented policies on regional performance, the destructive effects of innovation activities, and the question whether novelty is always good. The role of innovation in the evolution of capitalism itself is discussed in the third part.


Creative Destruction Development of Capitalism Economic Evolution Innovation

Editors and affiliations

  • Guido Buenstorf
    • 1
  • Uwe Cantner
    • 2
  • Horst Hanusch
    • 3
  • Michael Hutter
    • 4
  • Hans-Walter Lorenz
    • 5
  • Fritz Rahmeyer
    • 6
  1. 1.University of KasselKasselGermany
  2. 2.Friedrich-Schiller-University JenaJenaGermany
  3. 3.University of AugsburgAugsburgGermany
  4. 4.Social Science Research Center BerlinBerlinGermany
  5. 5.Friedrich-Schiller-University JenaJenaGermany
  6. 6.University of AugsburgAugsburgGermany

Bibliographic information

  • DOI
  • Copyright Information Springer International Publishing Switzerland 2013
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-01495-1
  • Online ISBN 978-3-319-01496-8
  • Buy this book on publisher's site