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    How the Social Economy Produces Innovation

    235136_235136.pdf (333.6Kb)
    Access Status
    Open access
    Authors
    Potts, J.
    Hartley, John
    Date
    2015
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Potts, J. and Hartley, J. 2015. How the Social Economy Produces Innovation. Review of Social Economy. 73 (3): 263-282.
    Source Title
    Review of Social Economy
    DOI
    10.1080/00346764.2015.1067756
    ISSN
    0034-6764
    School
    Department of Internet Studies
    Remarks

    This is an Author's Original Manuscript of an article published by Taylor & Francis in Review of Social Economy on 27/08/2015, available online at http://www.tandfonline.com/10.1080/00346764.2015.1067756

    URI
    http://hdl.handle.net/20.500.11937/23671
    Collection
    • Curtin Research Publications
    Abstract

    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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