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Innovation and institutions from the bottom up: an introduction

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  • HARPER, DAVID A.

Abstract

This introduction canvasses broad themes relating to the nexus of innovation and institutions. It first examines the notion of a “new combination” – a core analytical concept in economic theories of innovation and explanations of emergent novelty through bottom-up processes. Following Schumpeter, different theorists have made different claims about the composition and structure of new combinations. Possible constituent elements include factors of production, capital goods, routines, information, ideas, technologies, and property rights. The article then looks synoptically at the institutional dimensions of innovation from alternative perspectives that focus upon different kinds of institutional rules and policy solutions to innovation problems. Neoclassical and evolutionary approaches tend to emphasize specific policy interventions in markets to channel behavior toward particular desired outcomes, whereas institutional and Austrian approaches tend to focus upon general institutional rules (e.g. property and contract) that frame markets and innovation processes. Finally, this article summarizes the papers in the special issue.

Suggested Citation

  • Harper, David A., 2018. "Innovation and institutions from the bottom up: an introduction," Journal of Institutional Economics, Cambridge University Press, vol. 14(6), pages 975-1001, December.
    • Handle: RePEc:cup:jinsec:v:14:y:2018:i:06:p:975-1001_00
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    Cited by:

    1. Klapkiv Lyubov & Ulgen Faruk, 2022. "An Evolutionary Perspective on the Endogenous Instability of Capitalist Dynamics," Central European Economic Journal, Sciendo, vol. 9(56), pages 291-308, January.
    2. Focacci, Chiara Natalie & Kovac, Mitja & Spruk, Rok, 2023. "Ethnolinguistic diversity, quality of local public institutions, and firm-level innovation," International Review of Law and Economics, Elsevier, vol. 75(C).
    3. Frolov, Daniil, 2018. "Эво-Дево: Парадигмальный Вызов Для Институционально-Эволюционного Анализа [Evo-Devo: Paradigmal Challenge for Institutional-Evolutionary Analysis]," MPRA Paper 90198, University Library of Munich, Germany, revised 23 Nov 2018.
    4. Zhang, Liangliang & Huang, Shoujun, 2022. "Social capital and regional innovation efficiency: The moderating effect of governance quality," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 343-359.
    5. Frolov, Daniil, 2018. "Эво-Дево: Парадигмальный Вызов Для Институционально-Эволюционного Анализа (Версия 2.0) [Evo-Devo: Paradigmal Challenge for Institutional-Evolutionary Analysis (version 2.0)]," MPRA Paper 90285, University Library of Munich, Germany.
    6. Frolov, Daniil, 2019. "The manifesto of post-institutionalism: institutional complexity research agenda," MPRA Paper 97662, University Library of Munich, Germany.
    7. Frolov, Daniil, 2018. "Постинституционализм: За Пределами Институционального Мейнстрима [Post-institutionalism: Beyond the Institutional Mainstream]," MPRA Paper 90287, University Library of Munich, Germany.
    8. Niklas Elert & Magnus Henrekson, 2019. "The collaborative innovation bloc: A reply to our commentators," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(4), pages 349-361, December.
    9. Ljunge, Martin & Stenkula, Mikael, 2021. "Fertile soil for intrapreneurship: impartial institutions and human capital," Journal of Institutional Economics, Cambridge University Press, vol. 17(3), pages 489-508, June.
    10. Charles Delmotte & Malte Dold, 2022. "Dynamic preferences and the behavioral case against sin taxes," Constitutional Political Economy, Springer, vol. 33(1), pages 80-99, March.
    11. Paul Lewis, 2021. "Entrepreneurship, novel combinations, capital regrouping, and the structure-agency relationship: an introduction to the special issue on innovation and Austrian economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(1), pages 1-12, March.
    12. Paul Lewis, 2021. "The innovation systems approach: an Austrian and Ostromian perspective," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(1), pages 97-114, March.
    13. Frolov, Daniil, 2019. "Постинституционализм: Программа Исследований За Пределами Институционального Мейнстрима [Post-institutionalism: research program beyond the institutional mainstream]," MPRA Paper 92328, University Library of Munich, Germany.
    14. Charles Delmotte, 2021. "Simple rules and the Political Economy of Income Taxation: the strengths of a uniform expense rule," European Journal of Law and Economics, Springer, vol. 52(2), pages 323-339, December.

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