Innovation Commons: The Origin of Economic Growth - Softcover

Potts

9780190937508: Innovation Commons: The Origin of Economic Growth

Softcover

ISBN 10: 0190937505 ISBN 13: 9780190937508

Verlag: Oxford University Press, USA, 2019

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This book presents a new theory of what happens at the very early stages of innovation. It describes how a new technology is transformed into an entrepreneurial opportunity and becomes the origin of economic growth. The surprising answer is cooperation. The origin of innovation begins in the commons.

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Professor of Economics, School of Economics, Finance & Marketing, RMIT University, Melbourne, Australia

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Verlag: Oxford University Press, USA
Erscheinungsdatum: 2019
Sprache: Englisch
ISBN 10: 0190937505
ISBN 13: 9780190937508
Einband: Taschenbuch
Anzahl der Seiten: 278
Kontakt zum Hersteller: Nicht verf�gbar
Verantwortliche Person: GPSR Kontakt
gpsr@libri.de

Europaallee 1
Bad Hersfeld
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Deutschland

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Innovation Commons: The Origin of Economic Growth

Potts, Jason

Verlag: Oxford University Press, 2019

ISBN 10: 0190937505 ISBN 13: 9780190937508

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Zustand: Very Good. Item in very good condition! Textbooks may not include supplemental items i.e. CDs, access codes etc. Bestandsnummer des Verk�ufers 00076208237

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Innovation Commons: The Origin of Economic Growth

Jason Potts

Verlag: Oxford University Press Inc, 2019

ISBN 10: 0190937505 ISBN 13: 9780190937508

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Paperback. Zustand: Very Good. Innovation is among the most important topics in understanding economic sustained economic growth. Jason Potts argues that the initial stages of innovation require cooperation under uncertainty and draws from insights on the solving of commons problems to shed light on policies and conditions conducive to the creation of new firms and industries.The problems of innovation commons are overcome, Potts shows, when there are governance institutions that incentivize cooperation, thereby facilitating the pooling of distributed information, knowledge, and other inputs. The entrepreneurial discovery of an economic opportunity is thus an emergent institution resulting from the formation of a cooperative group, under conditions of extreme uncertainty, working toward the mutual purpose of opportunity discovery about a nascent technology or new idea. Among the problems commons address are those of the identity; cooperation; consent; monitoring; punishment; and independence. A commons is efficient compared to the creation of alternative economic institutions that involve extensive contracting and networks, private property rights and price signals, or public goods (i.e. firms, markets, and governments). In other words, the origin of innovation is not entrepreneurial action per se, but the creation of a common pool resource from which entrepreneurs can discover opportunities. Potts' framework draws on the evolutionary theory of cooperation and institutional theory of the commons. It also has important implications for understanding the origin of firms and industries, and for the design of innovation policy. Beginning with a discussion of problems of knowledge and coordination as well as their implications for common pool environments, the book then explores instances of innovation commons and the lifecycle of innovation, including increased institutionalization and rigidness. Potts also discusses the possible implications of the commons framework for policies to sustain innovation dynamics. Bestandsnummer des Verk�ufers CIN0190937505VG

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Innovation Commons: The Origin of Economic Growth Format: Paperback

Potts, Jason

Verlag: Oxford University Press, 2019

ISBN 10: 0190937505 ISBN 13: 9780190937508

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Zustand: New. Brand New. Bestandsnummer des Verk�ufers 9780190937508

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Innovation Commons: The Origin of Economic Growth

Potts, Jason

Verlag: Oxford University Press, 2019

ISBN 10: 0190937505 ISBN 13: 9780190937508

Gebraucht Paperback

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Paperback. Zustand: Very Good. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Bestandsnummer des Verk�ufers GOR014890989

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