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The Routledge Companion to Business Ethics
book

The Routledge Companion to Business Ethics

by Eugene Heath, Byron Kaldis, Alexei Marcoux
February 2018
Intermediate to advanced
722 pages
34h 15m
English
Routledge
Content preview from The Routledge Companion to Business Ethics

p.326

19

Creativity, innovation, and the production of wealth

Knut Sogner*

“Adam Smith did not see the Industrial Revolution coming”—so said my undergraduate teacher in economic history in 1985. In his seminal book The Wealth of Nations (1776), Smith lays some of the crucial groundwork for the modern science of economics, but he does not systematically address innovation. Yet parallel to his writing this treatise, the British production system began to usher forth profound changes in the organization of production and in the goods produced. While Smith discussed efficiency, the Industrial Revolution involved innovative change that radically shifted what was achievable in terms of the production of wealth.

During the latter half of the eighteenth ...

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Publisher Resources

ISBN: 9781317655411