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Common Innovation - How We Create the Wealth of Nations (Paperback)
Loot Price: R1,034
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Common Innovation - How We Create the Wealth of Nations (Paperback)
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In his challenging new book, Common Innovation, Peter Swann argues
that innovation and wealth creation are not the monopoly of
business but the contribution of ordinary people. Joseph
Schumpeter, the pioneer of innovation research, described business
innovation as a 'perennial gale of creative destruction', whereas
common innovation is, by comparison, a 'gentle and benign breeze'.
In common innovation, the ordinary citizen is centre stage, and
business is quite peripheral.Building upon the pioneering work of
Eric von Hippel on democratic and user-led innovation, this book
goes a step further - offering essential comparisons between
business and common innovation, real and material wealth, and
oikonomia and the 'outer economy'. Analyses and examples of the
destructive side of business innovation accompany Swann's
illustration of the 'benign breeze' of common innovation, and a
powerful and exciting new role for Leontief models is introduced.
This book will be of great interest to scholars and students
seeking a more expansive and insightful understanding of the
economics of innovation and wealth.
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