Options
The invention of invention
Author(s)
Date Issued
2005-09
Date Available
2009-03-11T12:35:34Z
Abstract
This paper models an industrial revolution as a qualitative transition from a world where innovation is infrequent and haphazard to one where it is continuous
and systematic. Pre-industrial innovation is treated as a social process where an individual's effectiveness as an innovator depends on the skills of other individuals in his social network. As technology improves, individuals invest more time in learning through social contact. This gradual increase in linkage formation leads to a sudden change in the size of knowledge
networks from small, isolated clusters, to a large connected cluster spanning most of the economy, causing a sudden increase in the effectiveness of innovation: an industrial revolution. The predicted sequence of typical innovators - from gifted amateurs, to lucky amateurs, to professionals - is consistent with empirical evidence.
This paper is part of the International Trade and Investment Programme of the Geary Institute at UCD.
and systematic. Pre-industrial innovation is treated as a social process where an individual's effectiveness as an innovator depends on the skills of other individuals in his social network. As technology improves, individuals invest more time in learning through social contact. This gradual increase in linkage formation leads to a sudden change in the size of knowledge
networks from small, isolated clusters, to a large connected cluster spanning most of the economy, causing a sudden increase in the effectiveness of innovation: an industrial revolution. The predicted sequence of typical innovators - from gifted amateurs, to lucky amateurs, to professionals - is consistent with empirical evidence.
This paper is part of the International Trade and Investment Programme of the Geary Institute at UCD.
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP05/15
Copyright (Published Version)
UCD School of Economics 2005
Classification
O40
Subject – LCSH
Industrial revolution
Technological innovations
Social networks
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
File(s)
Loading...
Name
kellym_workpap_010.pdf
Size
271.83 KB
Format
Adobe PDF
Checksum (MD5)
0ff76fd7ea3708570f8c574ec776c7da
Owning collection