Innovation

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Chapter 1 in The Robot Revolution, 2019, pp 1-18 from Edward Elgar Publishing

Abstract: Chapter 1 looks at the process of innovation and the development of key theories of innovation. The building blocks revolve around basic science, design and engineering, manufacturing, marketing and sales. These are part of all theories of innovation, which differ in how they are combined. Much innovation has a disruptive impact on society is often met with opposition. Three case studies – the spinning jenny, the railways and the microchip – illustrate innovation over the centuries. In all of these cases the role of the private researcher was critical, but universities increasingly contribute much of the basic science.

Keywords: Economics and Finance; Innovations and Technology; Social Policy and Sociology (search for similar items in EconPapers)
Date: 2019
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