Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/268233 
Year of Publication: 
2022
Series/Report no.: 
Jena Economic Research Papers No. 2022-005
Publisher: 
Friedrich Schiller University Jena, Faculty of Economics and Business Administration, Jena
Abstract: 
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.
Subjects: 
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
Document Type: 
Working Paper

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