The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Capitalism as an engine of progress
Open accessAbstract
Economists, from Marx, to Schumpeter, have touted capitalism as an engine of technical progress. But what kind of an engine is it? How does it work? What are the strengths and weaknesses? This essay hazards some answers to these questions.1 Section 1 is a broad theoretical assessment that begins with Joseph Schumpeter's seminal analysis of technical advance as an evolutionary process, but augments it, and then diverges from it in important ways. In particular, it develops the point that the relationships among science and technology, and the institutional structures supporting scientific and technical advance, are much more complex than Schumpeter and scholars following in his tradition have recognized. Section 2 is the heart of the essay. It draws on a wide range of recent scholarship to describe the different parts of the modern capitalist engine, what they do, and how they mesh. Based on the foregoing, Section 3 develops a particular view of the current debate about strengthening mechanisms to facilitate R&D planning and coordination.
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Cites
Teece, D. J. (1986) · Research Policy · doi:10.1016/0048-7333(86)90027-2 · Cited by 7,842
Innovation and Learning: The Two Faces of R & D
Cohen, W. M., & Levinthal, D. A. (1989) · The Economic Journal · doi:10.2307/2233763 · Cited by 7,530
Technological paradigms and technological trajectories
Dosi, G. (1982) · Research Policy · doi:10.1016/0048-7333(82)90016-6 · Cited by 6,685
Technology Transfer by Multinational Firms: The Resource Cost of Transferring Technological Know-How
Teece, D. J. (1977) · The Economic Journal · doi:10.2307/2232084 · Cited by 1,464
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Ardichvili, A., Cardozo, R., & Ray, S. (2003) · Journal of Business Venturing · doi:10.1016/s0883-9026(01)00068-4 · Cited by 2,743
Kemp, R., Loorbach, D., & Rotmans, J. (2007) · International Journal of Sustainable Development & World Ecology · doi:10.1080/13504500709469709 · Cited by 900
Research excellence and university-industry collaboration in UK science parks
Minguillo, D., & Thelwall, M. (2015) · Research Evaluation · doi:10.1093/reseval/rvu032 · Cited by 30
Metadata
- Authors
- Nelson, R. R.
- Venue
- Research Policy
- Publisher
- Elsevier BV
- Published
- 1990-06
- Volume
- 19
- Issue
- 3
- Pages
- 193-214
- ISSN
- 0048-7333 (ISSN-L)
- OpenAlex
- W2086656505
- Cited by
- 354
- References
- 4
- FWCI
- 35.88
- Type
- journal article
- Language
- en
- Open access
- hybrid
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- Nelson, R. R. (1990). Capitalism as an engine of progress. Research Policy. https://doi.org/10.1016/0048-7333(90)90036-6
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