but who bedeviled us with Innovation and Knowledge-based Economics? Eureka! He found a box, hidden away in an obscure corner of the Neo-Keynesian basement, which he believes contains the foundation texts of our current innovation and knowledge-based paradigm. The box was labeled “Growth Economics”.  Unless you are a professional economist, and a recently trained one at that, it is not likely you ever, ever opened this box before. For most economic developers, innovation and knowledge-based economies are old hat–but innovation and knowledge-based theoretical framework developed in the late 1970′s, 80′s, and early 90′s. To be sure there were Moses-like forerunners (you heard of Schumpeter, haven’t you?) but, for most of us, the prophets of the new order are relatively unknown

What’s the Theory Behind Innovation and the Knowledge-Based Economy | Journal of Applied Research in Economic Development Saturday, April 26, 2014 @ 1:01pm