Tools and concepts for understanding disruptive technological change after Schumpeter

Arbeitspapier

This chapter is about radical innovation and disruptive technological change. Discovering the nature and mechanisms of disruptive technological change can help to understand the long-run dynamics of innovation and map profound transformation in socio-economic systems. The chapter considers four concepts essential for the understanding radical and disruptive technological change: long waves, techno-economic paradigms, general purpose technologies (GPTs), and disruptive technologies. We conclude with some insights on the emerging technologies in the latest techno-economic paradigm. The tools and concepts given here remain the cornerstone of a useful theory of innovation and change even in our current complex sociotechnical landscape.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Jena Economic Research Papers ; No. 2022-005

Classification and Topics

• Classification: Wirtschaft
• Subject: Radical innovation ; Kondratiev ; long wave cycle ; Schumpeter ; perennial gale of creative destruction ; technological discontinuities ; techno-economic paradigm ; technological revolution ; great surge of development ; general purpose technology ; disruptive technology ; emerging technology

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Knell, Mark ; Vannuccini, Simone
• Event: Veröffentlichung
• (who): Friedrich Schiller University Jena, Faculty of Economics and Business Administration
• (where): Jena
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/268233
• Last update: 16.04.2025, 4:32 AM CEST