Creativity and its counterpart, innovation, are the root of progress and thus fundamental to the dynamics of economic systems. This entry discusses different facets of the relationship between creativity and economic systems. It also discusses how creativity is thought about in economic thought, as well as how it is not thought about, for it continues to be the case that creativity is left out of the account of many economic models.

Creativity and the Liberal Tradition

The links between creativity, freedom, and economic thought run deep both historically and philosophically. Historically, individual liberties have grown and been extended to more and more people at the same time that modern economies have formed and grown. Intellectually, there is an important strand of thought in which creativity and individualism ...

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