Businesses, and the economy in general, are embedded in society; they are society's means to organise the exchange of goods and services. Innovation on the other hand always fulfils a purpose, thus creating value for society. Time to look at the institutions through which societies cultivate innovation.
Category: science & technology
Pushing a rope … ??
While we can recount the history of past technological progress, we cannot anticipate is future trajectory. And still we keep making futile attempts at predicting what is un-predeterminable. We have to come to terms with the onway nature of path-dependence.
Wall Street
Describing the impact of innovation is a challenging task. Searching for a reasonably current example, I turned to the movies. And I found a compelling story in Oliver Stone's two Wall Street movies. Or rather, between the two.
Society’s ambiguity
In the preceding two posts, I missed an important aspect of our unrealistic expectations: the ambiguous attitude towards technology that runs through today's western societies. So here's part 3 of 2.
Expectations and realities – Part 2
In the previous post it became pretty obvious that there is a significant mismatch between the facts about innovation and what we think them to be. Today I'll try to cast some light on the underlying reasons for that discrepancy.
understanding innovation 