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The Legacy of Schumpeter, and the Limits of the Schumpeterian Approach in the Analysis of the Financing of Innovation

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Abstract

As stressed in the previous chapter, a theoretical analysis of the impact of financial institutions and the finance structure of the firm on the rate of innovation is still inadequate, and only limited treatment can be found in the writings of the fathers of economic science.

Section 2.2 of the present chapter is based on Santarelli and Pesciarelli (1990). I wish to thank Enzo Pesciarelli for kindly permitting me to reproduce part of that material.

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© 1995 Enrico Santarelli

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Santarelli, E. (1995). The Legacy of Schumpeter, and the Limits of the Schumpeterian Approach in the Analysis of the Financing of Innovation. In: Finance and Technological Change. Palgrave Macmillan, London. https://doi.org/10.1057/9780230375031_2

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