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Published in:

2014 | OriginalPaper | Chapter

Introduction

Author : Volodymyr Ryaboshlyk

Published in: Crisis and Embodied Innovations

Publisher: Palgrave Macmillan UK

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While it has become a commonplace that innovations drive growth, it remains unclear whether innovations drive contraction as well. This book clears it up and finally puts the embodied innovations into the circle of recognised causes of economic crises. Unlike financial innovations that have already been much discussed as an alleged cause of the recent crisis, the real ones are still out of sight and out of mind while they merit consideration on their own.

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