Book Review Vivarelli, M. and Pianta, M. (2000), The • Keynesian and neo-classical interpretations of Employment Impact of Innovation: Evidence and unemployment both fall “within” the labour Policy, 240 pp. Routledge, London. market analysis, the contribution they adopt from other disciplines being marginal to unem- Technological progress is an important theme in ployment issues. the economic literature, and one which addresses • The two schools of thought deal with the patterns of economic growth. This book sheds concept of equilibrium which has been over light on the link between innovation and employ- shadowed by the development of dynamic and ment performance in our economies by providing disequilibrium models. in depth empirical study in this field. It represents • They are “partial” interpretations of the labour a useful analytical tool for both scholars and market, for they make assumptions that shift policy-makers alike who are seeking a different research focus mainly to demand or supply con- approach to analysing unemployment issues as ditions. In particular the assumptions related to well as fighting them more effectively. innovation, lead to policy implications suffering The specific contribution of this book is to from this theoretical limitation. overcome the limits of current economic debates
Small Business Economics – Springer Journals
Published: Oct 2, 2004
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