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Review of Theories of Invention and Innovation

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  • Kaiserfledt, Thomas

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

Abstract

This paper review existing theories of invention and innovation putting them at the center of the understanding of cultural change. After a survey of different categories of inventions and innovations, it introduces a taxonomy relying on the origins of invention and innovation highligting individual qualities, social invironments, resources access and incentives for problem solving. Following this taxonomy, different theories are analyzed and compared. Features of theories are evaluated with respect to their explanatory power. Conclusively. historical trends of theories are outlined as well as some preliminary results ragarding different points of directionss of existing theories.

Suggested Citation

  • Kaiserfledt, Thomas, 2006. "Review of Theories of Invention and Innovation," Working Paper Series in Economics and Institutions of Innovation 47, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    • Handle: RePEc:hhs:cesisp:0047
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    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economic Development Technological Change, and Growth > Innovation and Invention: Processes and Incentives

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    Cited by:

    1. Bögenhold, Dieter & Fachinger, Uwe, 2010. "How Diverse is Entrepreneurship? Observations on the social heterogeneity of self-employment in Germany," MPRA Paper 23271, University Library of Munich, Germany.

    More about this item

    Keywords

    Innovation theory; innovation; invention;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches

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