Frugal innovation as a new technological paradigm: an interpretation

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Chapter 2 in The Economics of Frugal Innovation, 2023, pp 18-33 from Edward Elgar Publishing

Abstract: In this chapter we develop the approach of the technological paradigm distinguishing, on the one hand, a micro technological paradigm and a macro techno-economic paradigm, on the other. We deal with the elements at the core of a new micro ‘technological paradigm’ shaped by technological frugality. Three aspects define it: fewer artefacts and functionalities, a decreasing technological complexity, a design simplification. When we consider technological frugality as a new macro techno-economic paradigm we show its strong relation to sustainability.

Keywords: Business and Management; Development Studies; Economics and Finance; Innovations and Technology; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2023
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