I have edited the question because what I mean was not being understood from the previous version.
I am looking for pure theory on shocks and not on the various types of shock such as supply shock, monetary policy shock, technology shock, etc.
knowledge, knowledge creation, and its impact on the economy is studied in economics.
technology too.
Science, technology, and innovation (STI) literature also addresses the economic aspect
are you referring to a macro-economic or micro-economic perspective?
There is a umber of references and analysis on innovatieveness and its impact on the economy on EU pages
Some of the most interesting narrative on this has been theorized and written by economist turned author Nassim Nicholas Taleb. He's the (brilliant) man who coined the term "Black Swan event". Check out some of his books (Antifragile was one of my favourites). Well worth the time to read some of his work.
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