Hayek on Product Innovation and Market Shaping: Opening the Black Box

Burak Erkut

doi:10.36484/liberal.757980

EN TR

Hayek on Product Innovation and Market Shaping: Opening the Black Box

Abstract

Innovation is very often described as the introduction a novelty, and it remained in the agenda of economics since Schumpeter’s ground-braking observations. Current literature categorizes innovations by means of product and process innovations; nevertheless, the economics literature in general and evolutionary economic literature in particular is mainly focusing on process innovations. In this literature review, the author aims to answer the question of why product innovation and the corresponding pioneer market shaping phase remain to be a black box in economics, and how can the concerns underlying this observation be addressed by using Hayekian insights.

Keywords

Product innovation , market shaping , Hayek , evolutionary economics

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomi

Bölüm

Derleme

Yazarlar

Burak Erkut ^*
Cyprus

Yayımlanma Tarihi

25 Aralık 2020

Gönderilme Tarihi

25 Haziran 2020

Kabul Tarihi

23 Aralık 2020

Yayımlandığı Sayı

Yıl 2020 Cilt: 25 Sayı: 100

DOI

https://doi.org/10.36484/liberal.757980

IZ

https://izlik.org/JA95RE98NF

APA

Erkut, B. (2020). Hayek on Product Innovation and Market Shaping: Opening the Black Box. Liberal Düşünce Dergisi, 25(100), 169-189. https://doi.org/10.36484/liberal.757980

Cited By

Corporate entrepreneurship programmes as mechanisms to accelerate product innovations

Entrepreneurship Research Journal

https://doi.org/10.1515/erj-2021-0123

Reconciling Corporate Entrepreneurship and Product Innovation: An Evolutionary Economic Overview

Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi

https://doi.org/10.18506/anemon.762870

Hayek on Product Innovation and Market Shaping: Opening the Black Box

Hayek on Product Innovation and Market Shaping: Opening the Black Box

Abstract

Keywords

Hayek’te Ürün İnovasyonu ve Pazar Şekillenmesi: Kara Kutuyu Açmak

Öz

Anahtar Kelimeler

Kaynakça

Ayrıntılar

Birincil Dil

Konular

Bölüm

Yazarlar

Yayımlanma Tarihi

Gönderilme Tarihi

Kabul Tarihi

Yayımlandığı Sayı

DOI

IZ

Kaynak Göster

Cited By

Corporate entrepreneurship programmes as mechanisms to accelerate product innovations

Reconciling Corporate Entrepreneurship and Product Innovation: An Evolutionary Economic Overview