Film and video clips have been used in the classroom to bring economic concepts to life. The authors use the 2015 film "Joy" to animate Joseph Schumpeter's "The Theory of Economic Development," a foundational text on the theory of innovation and entrepreneurship that remains relevant for students today. They outline…

This study outlines a multi-year collaboration journey between academics in two widely disparate disciplines: art/design and business/management. Eventually this culminated in co-designing and co-developing a folded paper zine, and related processes, to improve private reflective practice, particularly of managers and students of management. This…

Lockdown measures and school closures in response to coronavirus have exposed and amplified the relationship between wealth and richer home-learning environments as well as the digital divides among students and among schools. Simultaneously, innovation processes seem to be occurring in response to the restrictive measures. The purpose of this…

Entrepreneurship is an integral part of business education. However, the concept is often confused or used synonymously with capitalism, perhaps because entrepreneurship is one of the four factors of production and profit maximization is considered as the single most important topic in teaching theory of the firm. Using risk as the key variable in…

The authors document in detail how the entrepreneurship program was created at Babson College in the 1970s. They recount the early history of Babson's program because the school was one of the first, if not the first, to make a huge institutional commitment that led to entrepreneurship becoming a core part of its academic programs. At the time,…

In the discourse of the knowledge-based economy, the link between creativity and innovation is usually taken for granted. However, not only is this link of recent date, it joins together two diametrically opposed concepts: the economic concept of innovation and the humanistic concept of creativity. In research too, there is a lack of enquiry into…

The basic premise of the paper (Ghassib, 2010) provides much needed scope for scholarly discussion regarding the location of creativity and innovation in the processes of knowledge production. Its conceptualization may be examined alongside recent contributions to creativity theory and practice at the levels of individual, team, and organization.…

J. Schumpeter is a key figure, even a seminal one, on technological innovation. Most economists who study technological innovation refer to Schumpeter and his pioneering role in introducing innovation into economic studies. However, despite having brought forth the concept of innovation in economic theory, Schumpeter provided few if any analyses…

The critical roles of entrepreneurs in creating, operating, and destroying markets, as well as their importance in driving long-term economic growth are still generally either absent from principles of economics texts or relegated to later chapters. The primary difficulties in explaining entrepreneurship at the principles level are the lack of a…

This is the second of three articles on "Sources of Authority in Education". All use the work of Amy Gutmann as a heuristic device to describe and explain the prevalence of market-based models of Education Reform in the United States as part of what Pasi Sahlberg terms the Global Education Reform Movement (GERM). This movement is based…

This article presents the author's response to Hisham B. Ghassib's (2010) article entitled "Where Does Creativity Fit into a Productivist Industrial Model of Knowledge Production?" When the author tries to characterise Ghassib's (2010) world, three words come into mind: University, Scientific Knowledge, and Marx. The author's world on the other…

University education, research and other services are increasingly becoming private goods as opposed to the traditional public goods concept. This trend is a highly debated process, and its consequences for universities are unquestionable. One of the consequences may be the diffusion of entrepreneurship in the higher education sector. The aim of…

Why should individuals care about innovation? One reason is because it can help to make life better. More specifically, governments, enterprises and training institutions see innovation as having the potential to increase productivity and, down the track, to increase prosperity for Australia. As far back as 1934, the influential economist Joseph…

Innovation and entrepreneurship are vital for economic growth, as was already asserted by Schumpeter in 1934. In a recent survey carried out by the Ministry of Economic Affairs (Dutch Ministry of Economic Affairs, 2006) a picture emerges of The Netherlands as lagging behind when it comes to starting a company, whereby start-ups of students coming…

Compares and contrasts Joseph Schumpeter's 1942 classic of economic thought, "Capitalism, Socialism, and Democracy," with Edward Bellamy's 1888 utopian novel, "Looking Backward." Both works criticize capitalism and arrive at socialist solutions. Bellamy's entertaining novel provides a useful benchmark for students analyzing…