KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
Review of Theories of Invention and Innovation
Abstract: This paper review existing theories of invention and
innovation putting them at the center of the understanding of cultural
change. After a survey of different categories of inventions and
innovations, it introduces a taxonomy relying on the origins of invention
and innovation highligting individual qualities, social invironments,
resources access and incentives for problem solving. Following this
taxonomy, different theories are analyzed and compared. Features of
theories are evaluated with respect to their explanatory power.
Conclusively. historical trends of theories are outlined as well as some
preliminary results ragarding different points of directionss of existing
Keywords: Innovation theory; innovation; invention; (follow links to similar papers)
JEL-Codes: B00; (follow links to similar papers)
15 pages, March 28, 2006
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