Article | REF: AG2231 V1

Innovation - Key concepts

Author: Pierre DEVALAN

Publication date: January 10, 2012, Review date: September 27, 2017

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1. History

Like "invention", "innovation" is an ancient term, originating in the 13th century, the two being synonyms characterized by creation and novelty. However, the notion of innovation has evolved considerably over the years. It has been progressively enriched and transformed, especially during the 19th century.

Broadly speaking, there are two historical approaches:

  • economist since the origins of the industrial revolution;

  • in the last decades of the 20th century.

1.1 Economist approach

In the approach of economists, the notion of innovation appears from the very origins of economic analysis, but remains imprecise: we speak of "economic growth"....

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