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Cover -- New Developments In Evolutionary Innovation: Novelty Creation In A Serendipitous Economy -- Copyright -- Foreword From Richard Nelson -- Foreword From Franco Malerba -- Contents -- List Of Figures -- List Of Contributors -- 1: New Developments In Evolutionary Innovation: An Introduction -- References -- 2: New Frontiers: Punctuated Equilibrium, Speciation, And Exaptation In Innovation -- Evolutionary Theory In Economics, Strategy, And Innovation -- An Overview Of The Current Paradigm: Neo-darwinian Evolution Towards A New Paradigm: Punctuated Equilibrium, Speciation, And Exaptation -- A Short Digression: Is There A True Link Between Biology And Technology? -- Woesian Models Of Technological Evolution -- Serendipity, Unprestateability, And Disequilibrium: A New Paradigm -- Innovating Without Planning: An Option-basedlogic -- References -- 3: On The Origins Of The Airframe Revolution: Managing Exaptive Radical Innovation -- Introduction -- The Airframe Revolution -- The Silent Inception Of The Airframe Revolution In Fokker's Memoir -- The Airframe Revolution: Contradictory Background The Exaptive Origins Of The Airframe Revolution -- On The True Origins Of The Airframe Revolution: A Microhistorical Account -- Exaptive Radical Innovation: Who Invented The Thick Wing? -- The Emergence Of A New Market: Evolving The Modern Airliner -- The Dynamics Of Gradual Revolution: A Stylized Model -- The Hidden Riches Of Engineering: How Normal Technology Can Foster Radical Innovation -- Discussion -- The Airframe Revolution: Summarizing The Case -- Is Exaptation Really Unpredictable? Rethinking An Ideological Tenet Predictable Exaptations: Towards A Methodology For Managing Radical Innovation -- Conclusions -- Acknowledgments -- Glossary -- References -- 4: A Non-predictive View: Evolution, Unprestateability, Disequilibrium -- Evolution, Unprestateability, And Disequilibrium -- An Excursus On Equilibrium In The Economic Debate -- The Physical Roots Of Equilibrium -- The En
This book investigates how the mechanisms of evolutionary biology, specifically exaptation and punctuated equilibrium, can be applied to understand the creation of novelty within economic and technological systems. The authors, Gino Cattani and Mariano Mastrogiorgio, draw upon a synthesis of biological theory and economic history to challenge traditional predictive models of innovation. They argue that technological progress often arises from serendipitous, non-linear processes rather than deliberate, planned development, proposing a new paradigm for managing radical innovation in uncertain markets.
What You Will Find
Scope Limits
Experts recognize this work as a significant contribution to the intersection of evolutionary economics and management theory. Readers frequently note the academic density of the prose, which is best suited for scholars and practitioners familiar with complex organizational dynamics.
Page Count:
256
Publication Date:
2021-01-01
Publisher:
Oxford University Press,
ISBN-10:
0192573950
ISBN-13:
9780192573957
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