Flexibility and Stability in the Innovating Economy
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Interactions between business, technological, public policy, and organization processes are changing the way modern economies work. In this book the concept of 'change' is problematized in terms of flexibility and stability across these processes, examining the central issues of industrial dynamics, structural change, and transformation. It adopts a perspective of the economy that sees it as an inherently dynamic and complex system, consisting of diverse components and activities, which interact and change in different ways over time. This means placing an emphasis not only on economic transformation, but also on the diverse actors in this transformation who are deciding, doing, and acting in ways which affect the outcomes of this change.
Chapters are grouped within three themes, which readers will find are core to the fields of innovation studies, industrial dynamics, and evolutionary economics: Experimenting and Inertia; Evolution and Adaptation of Structure; and Innovating and Technological Transformation.
Maureen McKelvey is Professor of the Economic of Innovation at the Department of Technology Management and Economics, Chalmers University of Technology, Sweden. She works within the innovation, evolutionary economics, and industrial dynamics communities, with a particular interest in economic and business issues related to biotechnology and open source software. Professor McKelvey is Director of the RIDE (R&D, Innovation, and Dynamics) Centre
Magnus Holmen is a Research Fellow at the Australian National University. He focuses on evolutionary systems of innovation, with a particular interest in softward and content creation.