Giovanni Dosi: Combining Schumpeter and Keynes to Boost Innovation

Dosi, Giovanni. "Giovanni Dosi: Combining Schumpeter and Keynes to Boost Innovation." Institute for New Economic Thinking. 2011.

From YouTube:

Many people would not think of putting Joseph Schumpeter and John Maynard Keynes in the same economic framework, but Giovanni Dosi believes the insights of both are needed to fully understand how to boost innovation in an economy. Dosi, director of the Laboratory of Economics and Management (ELM) in Italy, makes the case in this INET Interview that Schumpeterian innovation must be combined with Keynesian demand management to sustain economic growth over time.