Joseph Schumpeter and his writings in the 1930s (Schumpeter 1934). In 1934
Professor Schumpeter is "innovation
it is in Schumpeter's approach of economic development. (1934) that innovation is defined as the formation of new products or services new processes
To Schumpeter technological innovation was defined as a new combination of means of production
https://www.jstor.org/stable/pdf/1884305.pdf
Consequently trade secret is sometimes preferred to patenting as a means to protect process innovations. Trade secret protection is nonexciusive and the theory
They defined job creation (destruction) as the positive (negative) net Keynesian 'liquidationist' theses of such economists as Hayek Schumpeter
https://www.jstor.org/stable/3132364
Schumpeter who stands on the dynamic role of entrepreneurs in economic defined the innovation as new thinking ways
Sep 1 2011 Schumpeter (1934) distinguishes between five types of innovations: new products