How the Social Economy Produces Innovation

Social economics has long been concerned with the effects on human societies of market-coordinated processes of economic innovation. But the social economy also causes invention and innovation, an aspect that has received less attention. This article reviews three new approaches to the study of the...

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Main Authors: Potts, J., Hartley, John
Format: Journal Article
Published: 2015
Online Access:http://hdl.handle.net/20.500.11937/23671
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author Potts, J.
Hartley, John
author_facet Potts, J.
Hartley, John
author_sort Potts, J.
building Curtin Institutional Repository
collection Online Access
description Social economics has long been concerned with the effects on human societies of market-coordinated processes of economic innovation. But the social economy also causes invention and innovation, an aspect that has received less attention. This article reviews three new approaches to the study of the growth of knowledge in economic systems as driven expressly by sociocultural mechanisms and dynamics. The first are so-called “social network markets” and “novelty bundling markets”. The second extends from “knowledge commons” to “innovation commons”. The third is a sociocultural semiotic process of group dynamics. These models represent different ways the social economy generates newness and produces innovation.
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spelling curtin-20.500.11937-236712017-09-13T15:34:02Z How the Social Economy Produces Innovation Potts, J. Hartley, John Social economics has long been concerned with the effects on human societies of market-coordinated processes of economic innovation. But the social economy also causes invention and innovation, an aspect that has received less attention. This article reviews three new approaches to the study of the growth of knowledge in economic systems as driven expressly by sociocultural mechanisms and dynamics. The first are so-called “social network markets” and “novelty bundling markets”. The second extends from “knowledge commons” to “innovation commons”. The third is a sociocultural semiotic process of group dynamics. These models represent different ways the social economy generates newness and produces innovation. 2015 Journal Article http://hdl.handle.net/20.500.11937/23671 10.1080/00346764.2015.1067756 fulltext
spellingShingle Potts, J.
Hartley, John
How the Social Economy Produces Innovation
title How the Social Economy Produces Innovation
title_full How the Social Economy Produces Innovation
title_fullStr How the Social Economy Produces Innovation
title_full_unstemmed How the Social Economy Produces Innovation
title_short How the Social Economy Produces Innovation
title_sort how the social economy produces innovation
url http://hdl.handle.net/20.500.11937/23671