Recent Advances in Neo-Schumpeterian Economics

Recent Advances in Neo-Schumpeterian Economics

Essays in Honour of Horst Hanusch

Edited by Andreas Pyka, Uwe Cantner, Alfred Greiner and Thomas Kuhn

This judicious selection of recent essays demonstrates the applicability of the fundamental principles of neo-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a comprehensive economic theory encompassing industry, the public sector and financial markets.


Uwe Cantner, Alfred Greiner, Thomas Kuhn and Andreas Pyka

Subjects: economics and finance, economics of innovation, evolutionary economics, innovation and technology, economics of innovation


Uwe Cantner, Alfred Greiner, Thomas Kuhn and Andreas Pyka This Festschrift attempts to cover the scientific work that Horst Hanusch has been accomplishing during the past 40 years or so. Looking at his publication record, one can easily identify several periods of research interest, starting with public finance in the 1970s, then branching out into neo-Schumpeterian and evolutionary economics from the second half of the 1980s on, and finally diversifying into financial markets starting in the mid-1990s. Only recently have these various research interests merged into the so-called comprehensive neo-Schumpeterian approach (CNSA) built on just three pillars: the industrial sector, the state, and the financial sphere. In the following we want to track briefly the research path taken by Horst Hanusch, leading finally to the CNSA. THE RESEARCH PATH TAKEN Public Finance and Public Economics Horst Hanusch’s work in public finance started when he was a university assistant under Horst-Claus Recktenwald at the University of Nuremberg in the 1970s. His primary interests were in the theory of public goods (Hanusch, 1972) and studies on tax incidence (Hanusch, 1976). When he was a professor at the University of Augsburg his research focus shifted towards productivity and efficiency in the state sector (Hanusch, 1982, 1983, 1984). The work that followed included that with Karl-Heinz Weiss on tax policy in rationing frameworks (Hanusch and Weiss, 1988), with Gerhard Rauscher on communal policy issues (Hanusch and Rauscher, 1981), with Klaus-Norbert Münch on unemployment compensation and distribution (Hanusch and Münch, 1982), with Peter...