Elgar Companion to Neo-Schumpeterian Economics

Without doubt, economics is the science which focuses on economic welfare and the means to its increase. This can be stated as a goal for all schools in economics, among the most important being the Classical, the Keynesian and the Neoclassical school, as well as the neo-Schumpeterian approach, about which this Companion deals. But the angle of analysis differs sharply among these various approaches. One of the decisive differences can be found in the emphasis which is put on the different levels of economic analysis and their particular interrelatedness.