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The invention of invention

Author(s)
Kelly, Morgan  
Uri
http://hdl.handle.net/10197/950
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.
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
Subjects

Industrial revolution...

Social networks

Innovation

Classification
O40
Subject – LCSH
Industrial revolution
Technological innovations
Social networks
Web versions
http://www.ucd.ie/economics/research/papers/2005/WP05.15.pdf
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
https://creativecommons.org/licenses/by-nc-sa/1.0/
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kellym_workpap_010.pdf

Size

271.83 KB

Format

Adobe PDF

Checksum (MD5)

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Owning collection
Economics Working Papers & Policy Papers

Item descriptive metadata is released under a CC-0 (public domain) license: https://creativecommons.org/public-domain/cc0/.
All other content is subject to copyright.

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