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Endogenous Innovation

The Economics of an Emergent System Property

Cristiano Antonelli

This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of their reaction is contingent upon their access conditions to knowledge, which are shaped by the system in which they operate. The emergence of new innovations can, in turn, knock firms further out-of-equilibrium and cause changes in the system properties that govern their access to external knowledge. This path dependent loop of interactions between the system properties and the individual actions of firms, accounts for endogenous innovation and the dynamics of the system.
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The Economics of an Emergent System Property

Cristiano Antonelli

© Cristiano Antonelli 2017
Cover image: Umberto Boccioni, Dynamism of a Soccer Player, 1913, oil on canvas, 193.2 × 201cm. The Sidney and Harriet Janis Collection, Museum of Modern Art, New York. Source: Wikimedia Commons – public domain.
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical or photocopying, recording, or otherwise without the prior permission of the publisher.
Published by

Edward Elgar Publishing Limited

The Lypiatts

15 Lansdown Road

Cheltenham

Glos GL50 2JA

UK
Edward Elgar Publishing, Inc.

William Pratt House

9 Dewey Court

Northampton

Massachusetts 01060

USA
A catalogue record for this book is

available from the British Library
Library of Congress Control Number: 2017936570
This book is available electronically in the

Economics subject collection

DOI 10.4337/9781782545149
ISBN 978 1 78254 514 9