How do we conquer the growth limits of capitalism? Schumpeterian Dynamics of Open Innovation

JinHyo Joseph Yun · 2015 · Journal of Open Innovation Technology Market and Complexity

Summary. This paper proposes a dynamic model of an open innovation economy system to address capitalism's growth limits. The model integrates open innovation, closed innovation, and social innovation economies in a circular dynamic process. The author validates the framework through lifecycle simulations and comparative analysis with Schumpeter's economic theory and socialist democracy, establishing theoretical and practical characteristics of how these three economy types interact to sustain economic growth.

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Yun, J. J.. (2015). How do we conquer the growth limits of capitalism? Schumpeterian Dynamics of Open Innovation. Journal of Open Innovation Technology Market and Complexity. https://doi.org/10.1186/s40852-015-0019-3

@article{yun-2015-how-do-we-conquer-growth,
  title   = {How do we conquer the growth limits of capitalism? Schumpeterian Dynamics of Open Innovation},
  author  = {JinHyo Joseph Yun},
  journal = {Journal of Open Innovation Technology Market and Complexity},
  year    = {2015},
  doi     = {10.1186/s40852-015-0019-3},
  url     = {https://doi.org/10.1186/s40852-015-0019-3}
}

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TI  - How do we conquer the growth limits of capitalism? Schumpeterian Dynamics of Open Innovation
AU  - JinHyo Joseph Yun
JO  - Journal of Open Innovation Technology Market and Complexity
PY  - 2015
DO  - 10.1186/s40852-015-0019-3
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Details

DOI: 10.1186/s40852-015-0019-3
Countries: South Korea
Regions: Asia
Categories: innovation-theory, regional-innovation-systems, general-innovation
Added: 2026-04-28