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The Economics of Frugal Innovation - Technological Change for Inclusion and Sustainability (Hardcover)
Loot Price: R2,322
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The Economics of Frugal Innovation - Technological Change for Inclusion and Sustainability (Hardcover)
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In light of the tremendous growth of frugal product and process
innovations in both emerging markets and economies in the Global
North, this book offers a clear understanding of this new direction
of technological change within a Schumpterian analytical framework.
Characterising frugal innovation as a new technological paradigm,
it illuminates the relationship between frugality and
sustainability. Using important case studies from around the globe,
Christian Le Bas explores the key characteristics of frugal
innovations: products with fewer artefacts, decreasing
technological complexity and design simplification. Chapters
systematically synthesise economic knowledge on the topic, mapping
the environmentally positive consequences of frugal innovation and
identifying the crucial socio-economic and ecological contemporary
issues that frugal innovation can help resolve. Concise and timely,
this book will be a useful resource for economics and management
scholars and students. The tools for understanding the nature and
scope of frugal innovation, as well as insights on sustainable
innovation, also make this an important read for managers,
decision-makers and stakeholders.
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