A Welcome Revolution in Innovation

G.M. Peter Swann

International Journal of the Economics of Business, 2017, vol. 24, issue 2, 223-231

Abstract: This review considers a major new book on von Hippel’s concept of user innovation. Von Hippel’s work has led to a welcome revolution in the economics of innovation. When producers are the innovators, there is an important difference in the interests of innovators and users. This can lead to dysfunctional innovation, especially in mature markets that are monopolised. In contrast, when users innovate, there are no such problems, as the innovator and the user are the same. User innovation can help enhance the power of innovation in wealth creation, and this edited collection helps to establish user innovation as a fully fledged field of the economics of innovation.

Date: 2017
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DOI: 10.1080/13571516.2017.1279862

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