Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
New Developments in Evolutionary Innovation: Novelty Creation in a Serendipitous Economy

New Developments in Evolutionary Innovation: Novelty Creation in a Serendipitous Economy

Cattani, Gino
Mastrogiorgio, Mariano

Hardcover

EconomicsManagement

ISBN10: 0198837097
ISBN13: 9780198837091
Publisher: Oxford University Press
Published: Jul 13 2021
Pages: 256
Weight: 1.25
Height: 0.90 Width: 6.40 Depth: 9.10
Language: English
The growth of evolutionary thinking has had a profound impact on economic theory and related fields such as strategy and technological innovation. An important paradigm that underlies the evolutionary theory of innovation is neo-Darwinian evolution. According to this paradigm, evolution is gradualist and based on the mechanisms of variation, selection, and retention. Since the 1970s, theoretical advancements in evolutionary biology have recognised the central role of punctuated equilibrium, speciation, and exaptation. However, despite their significant influence in evolutionary biology, these advancements have been reflected only partially in evolutionary approaches to economics, strategy, and innovation. The aim of this book is to review these advancements and explore their implications, with a particular emphasis on the role of serendipity and unprestateability in innovation and novelty creation.

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