TY  - JOUR
AB  - The central role of innovation in economic growth has been well established in recent years, although its comparative neglect in conventional theory has tended to obscure its true importance. Neoclassical theory has treated innovation traditionally as exogenous; its short‐run constrained maximisation perspective is ill suited to deal with long‐run problems involving a high degree of uncertainty.
VL  - 11
IS  - 2
SN  - 0144-3585
DO  - 10.1108/eb002576
UR  - https://doi.org/10.1108/eb002576
AU  - Kay Neil M.
PY  - 1984
Y1  - 1984/01/01
TI  - Innovation, Markets and Hierarchies
T2  - Journal of Economic Studies
PB  - MCB UP Ltd
SP  - 44
EP  - 60
Y2  - 2024/04/24
ER  -