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Innovation-Driven Capitalism

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Abstract

The mainstream intellectual tradition analysing capitalism uses a static lens with a focus on efficiency as the underlying driving force. However, when viewed through the dynamic lens with an emphasis on innovation as the driving force, a very different view of capitalism emerges. The purpose of this entry is to explain innovation-driven capitalism and how it contrasts with the static efficiency view of capitalism.

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Author information

Authors and Affiliations

  1. Indiana University, 1315 East 10th Street, SPEA Room 201, Bloomington, IN, USA

    David B. Audretsch

Authors
  1. David B. Audretsch
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Corresponding author

Correspondence to David B. Audretsch .

Editor information

Editors and Affiliations

  1. GSBPP, Naval Postgraduate School, Monterey, CA, USA

    Mie Augier

  2. Berkeley Research Group, LLC, Emeryville, CA, USA

    David J. Teece

  3. Haas School of Business, University of California, Berkeley, Berkeley, CA, USA

    David J. Teece

Copyright information

© 2018 Macmillan Publishers Ltd., part of Springer Nature

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Audretsch, D.B. (2018). Innovation-Driven Capitalism. In: Augier, M., Teece, D.J. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-00772-8_130

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