Innovation Commons: The Origin of Economic Growth

by Jason Potts

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Innovation is among the most important topics in understanding economic sustained economic growth. Jason Potts argues that the initial stages of innovation require cooperation under uncertainty and draws from insights on the solving of commons problems to shed light on policies and conditions conducive to the creation of new firms and industries.
The problems of innovation commons are overcome, Potts shows, when there are governance institutions that incentivize cooperation, thereby facilitating the pooling of distributed information, knowledge, and other inputs. The entrepreneurial discovery of an economic opportunity is thus an emergent institution resulting from the formation of a cooperative...Read more
  • ISBN10 0190937491
  • ISBN13 9780190937492
  • Publish Date 13 August 2019 (first published 1 August 2019)
  • Publish Status Active
  • Publish Country US
  • Imprint Oxford University Press Inc
  • Format Hardcover
  • Pages 280
  • Language English