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Flexibility and Stability in the Innovating Economy$
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Maureen McKelvey and Magnus Holmén

Print publication date: 2006

Print ISBN-13: 9780199290475

Published to Oxford Scholarship Online: May 2006

DOI: 10.1093/0199290474.001.0001

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Analysing Flexibility and Stability in Co‐evolutionary Processes

Analysing Flexibility and Stability in Co‐evolutionary Processes

Chapter:
(p.257) 10 Analysing Flexibility and Stability in Co‐evolutionary Processes
Source:
Flexibility and Stability in the Innovating Economy
Author(s):

Magnus Holmén (Contributor Webpage)

Maureen McKelvey (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199290474.003.0010

This chapter poses the question: How we can analyze, conceptually and empirically, whether or not certain types of change have occurred? It points out research areas to further address how, why, and in what dimensions such transformation has occurred. It first addresses how the amount or degree of ‘change’ be conceptualized, as compared to the amount or degree of ‘not change’. Three concepts are introduced: novelty, destruction, and renewal. The chapter then explains six points about how flexibility and stability can be understood from a paradigmatic perspective on the innovating and transforming economy.

Keywords:   transformation, degree of change, novelty, destruction, renewal, paradigmatic perspective, industrial dynamics

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