Theory of Innovation

Author: Jati Sengupta
Publisher: Springer Science & Business Media
ISBN: 3319021834
Format: PDF
Download Now
The current economic theory of innovation mainly analyses the technology factor and its impact on economic growth. In today's world, growth in information technology and knowledge of new ideas has altered the business paradigm dramatically. Modern economies have undergone a dynamic shift from material manufacturing to a new information technology model with research and development (R&D) and human capital. Through information and communications technology efficient information usage has achieved substantial productivity gains through learning by doing and incremental innovations. The present volume discusses this new paradigm in terms of both theory and industry applications, including Schumpeter in his innovation model and the emphasis on new innovations replacing the old. Growth of business networking and R&D consortium have dramatically helped the modern business to reduce their unit costs and improve efficiency. This volume presents some new models emphasizing knowledge sharing and R&D cooperation. Rapid growth in recent times in some south Asian countries have been cited as growth miracles are largely caused by knowledge spillover and learning by doing, and this volume also investigates the role of incremental innovations. With a strong focus and extension of the current theory of innovation and industry growth experiences of both the US and Asian countries, this book will be of interest to MBA and graduate students in economics, innovation management, and applied industrial economics.

Critical Development Theory

Author: Ronaldo Munck
Publisher: Zed Books
ISBN: 9781856496384
Format: PDF, ePub
Download Now
In recent years there has been considerable rethinking of the whole concept of development, including a growing awareness of its gender, cultural and environmental dimensions, and the impact of globalization. The contributors to this volume seek to extend these debates to a more fundamental level, tackling major issues and transcending those critiques of development which simply engage in a blanket dismissal of the whole enterprise. Instead they offer innovative ways of re-engaging with a reality that, despite globalization, is very much still a dimension of our era.

Inclusive Innovation for Sustainable Development

Author: Nathaniel O. Agola
Publisher: Springer
ISBN: 113760168X
Format: PDF, Kindle
Download Now
Employing a three-dimensional approach, this book discusses inclusive innovation for socio-economic growth and development, and the implications for human security within the context of developing and emerging economies. Focusing on a new and innovative area of research, Inclusive Innovation for Sustainable Development explores new social and technological processes that are created within, and for the benefit of, marginalised populations. Considering policy and issues surrounding technology, business strategies and best practices, theoretical underpinnings and a broader contextualisation, the authors interrogate the concept of the inclusivity of innovations. Written from the perspective of the new UN paradigm which states that “no one will be left behind”, the book considers the potential contribution of modern technology to human security and develops frameworks that counter the potential increases in inequality that this may bring. With contributions from leading international scholars in a range of disciplines, as well as practitioners in international development organizations and private sector actors Inclusive Innovation for Sustainable Development provides a way forward for excluded majority populations to take control of innovative technologies and business processes.

Understanding Economic Growth

Author: Jati Sengupta
Publisher: Springer Science & Business Media
ISBN: 9781441980267
Format: PDF, Mobi
Download Now
Modern economies have undergone a dramatic change. There has been a shift from large scale material manufacturing to the design and application of new technology with R&D and human capital. The new information age has introduced significant productivity gains through increasing returns and learning by doing, which has challenged the traditional growth models based on competitive market structures. Institutions outside the traditional markets and the genetic principle of survival of the fittest have dominated the current theory of industry growth. This book coordinates and integrates the two strands of economic growth and development: the endogenous theory of growth and the extra-market models of evolutionary economics dominated by innovation efficiency. It presents this new paradigm in terms of both theory and historical experiences. The book addresses the role of innovations and human capital, the impact of information technology, the role of institutions as mechanisms of evolutionary economies and the experiences of Asian growth miracles, and will be of interest to readers in economics and political science concerned with economic growth and development.

The Structure of Scientific Revolutions

Author: Thomas S. Kuhn
Publisher: University of Chicago Press
ISBN: 0226458148
Format: PDF, ePub, Docs
Download Now
A good book may have the power to change the way we see the world, but a great book actually becomes part of our daily consciousness, pervading our thinking to the point that we take it for granted, and we forget how provocative and challenging its ideas once were—and still are. The Structure of Scientific Revolutions is that kind of book. When it was first published in 1962, it was a landmark event in the history and philosophy of science. Fifty years later, it still has many lessons to teach. With The Structure of Scientific Revolutions, Kuhn challenged long-standing linear notions of scientific progress, arguing that transformative ideas don’t arise from the day-to-day, gradual process of experimentation and data accumulation but that the revolutions in science, those breakthrough moments that disrupt accepted thinking and offer unanticipated ideas, occur outside of “normal science,” as he called it. Though Kuhn was writing when physics ruled the sciences, his ideas on how scientific revolutions bring order to the anomalies that amass over time in research experiments are still instructive in our biotech age. This new edition of Kuhn’s essential work in the history of science includes an insightful introduction by Ian Hacking, which clarifies terms popularized by Kuhn, including paradigm and incommensurability, and applies Kuhn’s ideas to the science of today. Usefully keyed to the separate sections of the book, Hacking’s introduction provides important background information as well as a contemporary context. Newly designed, with an expanded index, this edition will be eagerly welcomed by the next generation of readers seeking to understand the history of our perspectives on science.

The Theory of Innovation

Author: Jon Sundbo
Publisher: Edward Elgar Publishing
ISBN: 9781781008898
Format: PDF, ePub, Docs
Download Now
This book presents for the first time a coherent analysis of the development of innovation theory from the nineteenth century to the present day. It examines the emergence of different theories of innovation in different periods, and how they compete for dominance today. Specifically, it looks at three paradigms within innovation theory - entrepreneurship, the rise of technology and strategic behaviour. This book will be essential reading for academics interested in innovation, technology and industrial organization.

Free Innovation

Author: Eric von Hippel
Publisher: MIT Press
ISBN: 0262035219
Format: PDF
Download Now
A leading innovation scholar explains the growing phenomenon and impact of free innovation, in which innovations developed by consumers and given away "for free."

An Evolutionary Theory of Economic Change

Author: Richard R. Nelson
Publisher: Harvard University Press
ISBN: 9780674041431
Format: PDF, Docs
Download Now
This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Efficiency Market Dynamics and Industry Growth

Author: Jati K. Sengupta
Publisher: Palgrave Macmillan
ISBN: 9780230581913
Format: PDF, Docs
Download Now
This book examines the new paradigm of change in technology intensive industries, it provides theoretical and empirical analysis, using non-parametric models of efficiency.

Technology Innovations and Growth

Author: J. K. Sengupta
Publisher: Springer
ISBN: 0230295258
Format: PDF, Mobi
Download Now
This book provides detailed empirical analysis of countries in Asia to examine various dynamic models that incorporate the impact of technology and innovations on the industry evolution and overall economic growth.