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Propositions about novelty

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  • Witt, Ulrich

Abstract

The emergence of novelty is a ubiquitous feature in science, technology, and economic life. It is the crucial input to the growth of human knowledge. At the same time, novelty is one of the most amorphous concepts in scientific thought. Theorizing about novelty and its emergence faces notorious problems. This paper explores why this is so and what can be done to deal in a more systematic fashion with novelty. The notion of degrees of novelty is introduced, and its relationship with the concept of uncertainty is discussed. The results of the inquiry are summarized by a number of hypotheses.

Suggested Citation

  • Witt, Ulrich, 2009. "Propositions about novelty," Journal of Economic Behavior & Organization, Elsevier, vol. 70(1-2), pages 311-320, May.
  • Handle: RePEc:eee:jeborg:v:70:y:2009:i:1-2:p:311-320
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    References listed on IDEAS

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    1. Gerald Silverberg & Bart Verspagen, 2003. "Breaking the waves: a Poisson regression approach to Schumpeterian clustering of basic innovations," Cambridge Journal of Economics, Oxford University Press, vol. 27(5), pages 671-693, September.
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    4. Philip Johnson-Laird, 2005. "Flying bicycles: How the Wright brothers invented the airplane," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 4(1), pages 27-48, June.
    5. Nancy Nersessian, 2002. "Abstraction via generic modeling in concept formation in science," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 3(1), pages 129-154, March.
    6. Hodgson, Geoffrey M. & Knudsen, Thorbjorn, 2006. "Why we need a generalized Darwinism, and why generalized Darwinism is not enough," Journal of Economic Behavior & Organization, Elsevier, vol. 61(1), pages 1-19, September.
    7. Markose, Sheri M., 2004. "Novelty in complex adaptive systems (CAS) dynamics: a computational theory of actor innovation," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 344(1), pages 41-49.
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    Citations

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    Cited by:

    1. Frank Beckenbach & Maria Daskalakis & David Hofmann, 2012. "Agent-based modelling of novelty creating behavior and sectoral growth effects—Linking the creative and the destructive side of innovation," Journal of Evolutionary Economics, Springer, vol. 22(3), pages 513-542, July.
    2. Peeters, T.J.G., 2013. "External knowledge search and use in new product development," Other publications TiSEM 300ebb34-b090-4210-b95e-f, Tilburg University, School of Economics and Management.
    3. Pierpaolo Andriani & Carsten Herrmann-Pillath, 2015. "Transactional innovation as performative action: transforming comparative advantage in the global coffee business," Journal of Evolutionary Economics, Springer, vol. 25(2), pages 371-400, April.
    4. repec:spr:scient:v:91:y:2012:i:3:d:10.1007_s11192-012-0635-7 is not listed on IDEAS
    5. Grebel, Thomas, 2013. "On the tradeoff between similarity and diversity in the creation of novelty in basic science," Structural Change and Economic Dynamics, Elsevier, vol. 27(C), pages 66-78.
    6. Binder, Martin & Witt, Ulrich, 2012. "A critical note on the role of the capability approach for sustainability economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 721-725.
    7. Andersson, Claes, 2011. "Splitting the replicator: Generalized Darwinism and the place of culture in nature," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 657-669.
    8. repec:bla:srbeha:v:34:y:2017:i:3:p:335-353 is not listed on IDEAS
    9. Martin Binder, 2014. "Should evolutionary economists embrace libertarian paternalism?," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 515-539, July.
    10. Foster, John & Metcalfe, J. Stan, 2012. "Economic emergence: An evolutionary economic perspective," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 420-432.
    11. Kurt Dopfer & Jason Potts & Andreas Pyka, 2016. "Upward and downward complementarity: the meso core of evolutionary growth theory," Journal of Evolutionary Economics, Springer, vol. 26(4), pages 753-763, October.
    12. Cohendet Patrick & Llerena Patrick & Simon Laurent, 2014. "The Routinization of Creativity: Lessons from the Case of a Video-game Creative Powerhouse," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 234(2-3), pages 120-141, April.
    13. Harper, David A. & Endres, Anthony M., 2012. "The anatomy of emergence, with a focus upon capital formation," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 352-367.
    14. repec:spr:joevec:v:28:y:2018:i:2:d:10.1007_s00191-017-0521-9 is not listed on IDEAS
    15. Cecere, Grazia, 2012. "Creative and adaptive responses in technological change," 23rd European Regional ITS Conference, Vienna 2012 60396, International Telecommunications Society (ITS).
    16. Cantner Uwe & Dosi Giovanni, 2014. "Guest Editorial," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 234(2-3), pages 116-119, April.

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