Conclusions

Abstract

The conclusions summarize the founding stones of the analytical framework implemented by the book grafting of the tools elaborated by the economics of knowledge and the legacy of Joseph Schumpeter. It synthesizes the main results of the analysis: (i) the new structure of advanced economies, (ii) the shift away from the corporate growth regime, (iii) the emergence and consolidation of the new knowledge growth regime where, (iv) knowledge is at the same time the prime input and output. It emphasizes the limits of the new knowledge growth regime, raised by the role of finance, income inequality and intellectual property rights. It recommends a new knowledge policy based upon an open technology approach that builds upon non-exclusive intellectual property rights and R&D subsidies with strong additionality.