This article is devoted to analysis of the main economic doctrines in the context of government role in innovation encouragement. It systematizes the main theses of economic theories of the second half of the XX century: neoclassical and new Keynesian economics. Special attention is paid to the analysis of new economic paradigm, known as neo-Schumpeterian economics. Findings of the work may be useful for practical government innovation stimulation measures, which mostly depend on chosen paradigm.
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