Jump to ContentJump to Main Navigation
Evolutionary InnovationsThe Business of Biotechnology$
Users without a subscription are not able to see the full content.

Maureen McKelvey

Print publication date: 2000

Print ISBN-13: 9780198297246

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198297246.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 10 December 2019

Conclusions for Evolutionary Economics

Conclusions for Evolutionary Economics

(p.256) 9 Conclusions for Evolutionary Economics
Evolutionary Innovations

Maureen D. McKelvey

Oxford University Press

This chapter discusses the book's description of parallel technological innovation processes which made possible the early commercial uses of genetic engineering for pharmaceuticals. The focus here has been on knowledge-seeking activities which led to results that agents could use to generate and select from alternative paths of development. The book examines technological innovation processes, which have a crucial and central role in market competition and economic change. Evolutionary economists argue that new technologies are important factors in determining the long-term viability and growth of an economy as well as the probability that individual firms will successfully compete over time. The relative importance of firms' competences versus their perceptions of opportunities is discussed here. This is placed in relation to how and why firms generate novelty leading to diversity. It is argued that the technological innovation processes described here follow an evolutionary pattern of change. One reason why evolutionary theory can be relevant for social science theory about innovations is that evolution gives us a metaphor for thinking about qualitative change.

Keywords:   technological innovation, pharmaceuticals, evolutionary economics, diversity

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 .