Principles of Innovation Economics in Market Economy
As opposed to labor and natural resources, innovative ideas dominate Wealth creation. Starting from the idea of the automobile to the idea of storing data on semiconductors, there are numerous…
Growth Economics
40 posts
Technology Policy for Idea Economy Fuels Increasing Prosperity through Creative Destruction
Schumpeter observed Creative Destruction is at the core of the Market Economy to offer us an increasingly better-quality life. Waves of technological Innovation are emerging one after another, offering us…
Engineering Economics for Innovation Economy
Engineering has a deep root in physical science. Scientific knowledge forms the core of the technological invention. Engineering is often known as the application of the principles of science and…
Creative Destruction vs Disruptive Innovation
In this age of technology, understanding the dynamics of uprising of creative destruction force to cause disruption to products, firms, and industries is quite paramount.