Jump to ContentJump to Main Navigation
The Associational EconomyFirms, Regions, and Innovation$
Users without a subscription are not able to see the full content.

Philip Cooke and Kevin Morgan

Print publication date: 1998

Print ISBN-13: 9780198290186

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198290186.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 26 May 2019

The Institutions of Innovation

The Institutions of Innovation

Chapter:
(p.9) 1 The Institutions of Innovation
Source:
The Associational Economy
Author(s):

Philip Cooke

Kevin Morgan

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198290186.003.0002

The conception of innovation is at one with the theoretical tradition of evolutionary political economy which informs our work. Unlike the more static and equilibrium-oriented approach of neoclassical economic theory, evolutionary political economy is concerned not with a supposedly optimal allocation of resources at a given point in time but with how firms and industries mobilize, deploy, and develop their resources over time. The aim of this chapter is to elaborate on these theoretical insights by focusing on some key aspects of the innovation process. This chapter argues that innovation needs to be recognized for what it really is, namely a collective and iterative endeavour rather than an act of heroic individualism, a point illustrated by reference to the interactive model of innovation. To develop this argument, three institutional ‘carriers’ of innovation are examined — firms, states, and systems — where the capacity to promote associational behaviour is one of the most important ingredients in the recipe of a successful corporate strategy and more effective public policy. Finally, this chapter identifies some of the intangible factors — like trust, voice, and loyalty — which underpin associational action in firms, countries, and regions.

Keywords:   innovation, evolutionary political economy, interactive model of innovation, firms, states, systems, trust, voice, loyalty

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .