Buychik, A. (2021). Updating the parameters of the development of effective economic thought in order to motivate society to finance innovative activities. Economy at the crossroads of time, 04-2021 (010), 7-16. European Scientific e-Journal. Hlučín-Bobrovníky: “Anisiia Tomanek” OSVČ.
The article considers the intermediate research results on determining the parameters of effective economic thought development to motivate society to finance the innovative activities of researchers in various fields of science. Historical, comparative, inductive, and deductive methods were used to solve the problems set in the study. The research uses the works of well-known scientists in the field of studying the development of society and innovative thought, for example, J.A. Schumpeter, Henry W. Chesbrough, Lars Schweizer, R. Rothwell, and others. It is concluded that at the present stage of the society’s evolution from industrial to informational, economic thought should form a fundamentally new financial approach to innovation, more complex and complex. It is necessary to develop a three-dimensional approach model to innovation. The study results can be used by specialists and researchers in the field of innovative economy, economic history and social economics.
economic thought, innovation, innovation economy, economic efficiency.