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Journals / Liberal Düşünce Dergisi / 2020 / Cilt: 25 - Sayı: 100

Hayek on Product Innovation and Market Shaping: Opening the Black Box

Hayek’te Ürün İnovasyonu ve Pazar Şekillenmesi: Kara Kutuyu Açmak

Burak ERKUT
Pages
169–189
Publication Date
2020-12-25
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In this literature review, the author aims to answer the question of why product innovation and the corresponding pioneer market shaping phase remain to be a black box in economics, and how can the concerns underlying this observation be addressed by using Hayekian insights.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Innovation is very often described as the introduction a novelty, and it remained in the agenda of economics since Schumpeter’s ground-braking observations.
📊
Key Findings & Data:Current literature categorizes innovations by means of product and process innovations; nevertheless, the economics literature in general and evolutionary economic literature in particular is mainly focusing on process innovations.
💡
Conclusion & Impact:In this literature review, the author aims to answer the question of why product innovation and the corresponding pioneer market shaping phase remain to be a black box in economics, and how can the concerns underlying this observation be addressed by using Hayekian insights.
🔬Design:Review & Systematic Survey
📍Scope:Comprehensive Sample
⚙️Variables:Ürün inovasyonu · pazar şekillenmesi · Hayek

Abstract

Innovation is very often described as the introduction a novelty, and it remained in the agenda of economics since Schumpeter’s ground-braking observations. Current literature categorizes innovations by means of product and process innovations; nevertheless, the economics literature in general and evolutionary economic literature in particular is mainly focusing on process innovations. In this literature review, the author aims to answer the question of why product innovation and the corresponding pioneer market shaping phase remain to be a black box in economics, and how can the concerns underlying this observation be addressed by using Hayekian insights.

Özet

İnovasyon ya da yenileşim genelde ticari değeri olan yeni birşeyin ortaya çıkması olarak özetlenir, ve Schumpeter’in önemli gözlemlerinden beridir ekonomi biliminin gündeminde yer tutmaktadır. Çağdaş literatürde inovasyonlar ürün inovasyonu ve süreç inovasyonu olarak ikiye ayrılsa da, ekonomi bilimi ekseriyetle süreç inovasyonuna odaklanmaktadır. Bu literatür taramasında ürün inovasyonu ve beraberinde gelen piyasa şekillenmesinin neden ekonomi literatüründe kara kutu olduğu araştırılmaktadır. Bununla birlikte, ürün inovasyonu ve pazar şekillenmesinin analizi önündeki engellerin Hayek’in kuramlarıyla nasıl aşılabileceği de bu araştırmada gösterilmektedir.

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Cite This Article

ERKUT, B. (2020). Hayek on Product Innovation and Market Shaping: Opening the Black Box. Liberal Düşünce Dergisi, Cilt: 25 - Sayı: 100, 169–189. https://ajindex.com/articles/148041

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