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Evolutionary innovations: learning, entrepreneurship and the dynamics of the firm

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  • Maureen McKelvey

    () (Department of Technology and Social Change, University of Link, ping, S-581 83 Link, ping, Sweden)

Abstract

This article discusses the three concepts of `learning', `entrepreneurship' and `dynamics of the firm' in order to bridge some of the gap between micro and macro levels of analysis in evolutionary economics. This article addresses the following four issues: 1) Localized learning dependent on the extent to which knowledge is individual vs. collective, 2) Entrepreneurship distributed in systems of innovation, 3) Entrepreneurs changing selection criteria, and 4) Rationality vs. uncertainty affecting the dynamics of firms.

Suggested Citation

  • Maureen McKelvey, 1998. "Evolutionary innovations: learning, entrepreneurship and the dynamics of the firm," Journal of Evolutionary Economics, Springer, vol. 8(2), pages 157-175.
  • Handle: RePEc:spr:joevec:v:8:y:1998:i:2:p:157-175
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    Citations

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    Cited by:

    1. Patrick Cohendet & Jean-Alain Héraud & Patrick Llerena, 2010. "Division of Labour and Division of Knowledge in Firms’ Innovative Networks: An Essay on Ehud Zuscovitch’s Theoretical Perspectives," Chapters,in: Innovation, Economic Growth and the Firm, chapter 8 Edward Elgar Publishing.
    2. O'Connor, Allan, 2013. "A conceptual framework for entrepreneurship education policy: Meeting government and economic purposes," Journal of Business Venturing, Elsevier, vol. 28(4), pages 546-563.
    3. Julien Pénin, 2008. "More open than open innovation? Rethinking the concept of openness in innovation studies," Working Papers of BETA 2008-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    4. Cecere, Grazia, 2012. "Creative and adaptive responses in technological change," 23rd European Regional ITS Conference, Vienna 2012 60396, International Telecommunications Society (ITS).
    5. Geoffrey Hodgson & Kainan Huang, 2012. "Evolutionary game theory and evolutionary economics: are they different species?," Journal of Evolutionary Economics, Springer, vol. 22(2), pages 345-366, April.

    More about this item

    Keywords

    Evolutionary economics ; Learning ; Entrepreneurship ; Firm dynamics ; Biotechnology ; Systems of innovation ; Tacit knowledge;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics

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