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Frugal innovation as a new technological paradigm: an interpretation

In: The Economics of Frugal Innovation

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Abstract

In this chapter we develop the approach of the technological paradigm distinguishing, on the one hand, a micro technological paradigm and a macro techno-economic paradigm, on the other. We deal with the elements at the core of a new micro ‘technological paradigm’ shaped by technological frugality. Three aspects define it: fewer artefacts and functionalities, a decreasing technological complexity, a design simplification. When we consider technological frugality as a new macro techno-economic paradigm we show its strong relation to sustainability.

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  • ., 2023. "Frugal innovation as a new technological paradigm: an interpretation," Chapters, in: The Economics of Frugal Innovation, chapter 2, pages 18-33, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22001_2
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