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Innovation Commons – The Origin of Economic Growth | Oxford Scholarship Online
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Innovation Commons: The Origin of Economic Growth

Jason Potts

Abstract

This book explores the institutional conditions of the origin of innovation, arguing that prior to the emergence of competitive entrepreneurial firms and the onset of new industries is a little-understood but crucial phase of cooperation under uncertainty: the innovation commons. An innovation commons is a governance institution to incentivize cooperation in order to pool distributed information, knowledge, and other inputs into innovation to facilitate the entrepreneurial discovery of an economic opportunity. In other words, the true origin of innovation is not entrepreneurial action per se, ... More

Keywords: innovation, commons, new technology, economics, governance, policy, entrepreneurship

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780190937492
Published to Oxford Scholarship Online: August 2019 DOI:10.1093/oso/9780190937492.001.0001

Authors

Affiliations are at time of print publication.

Jason Potts, author
Professor of Economics, School of Economics, Finance & Marketing, RMIT University, Melbourne, Australia