New Developments in Evolutionary Innovation
Novelty Creation in a Serendipitous Economy
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Product details:
- Publisher OUP Oxford
- Date of Publication 13 May 2021
- ISBN 9780198837091
- Binding Hardback
- No. of pages256 pages
- Size 240x164x24 mm
- Weight 540 g
- Language English 161
Categories
Short description:
Evolutionary thinking has had a profound impact on theories of technological innovation and strategy. This volume explores how significant advancements made in evolutionary biology since the 1970s influence evolutionary approaches to these areas, with an emphasis on the role of serendipity and unprestateability in innovation and novelty creation.
MoreLong description:
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.
This is a very important book which gives flesh and structure to the notion that evolution is a genuinely uncertain and serendipitous process, both in biology and in the socio-economic domain. It should also be a must for all scholars tempted to use ideas like 'rational technological expectations' or 'selection-driven optimization': read this book and think twice!
Table of Contents:
Foreword
Foreword
New Developments in Evolutionary Innovation: An Introduction
New Frontiers: Punctuated Equilibrium, Speciation and Exaptation in Innovation
On the Origins of the Airframe Revolution: Managing Exaptive Radical Innovation
A Nonpredictive View: Evolution, Unprestateability, Disequilibrium
New Evolutionary Theory Via Simulation: NK Landscapes and Beyond
From Trees to Networks: Technological Evolution From the Complexity Angle
The Search Function and Evolutionary Novelty
Extended Cognition and the Innovation Process
Organising for Unprestateability: An Option-Based Approach
The Cultural Evolution of Creative Ideas and Social Innovations: A Complex Systems Approach
Conclusions
