The Nature of Economies – What Jane Jacobs tells us about innovation

In ‘The Nature of Economies’, Jane Jacobs provides a view on a number of important aspects that often go unrecognised. Starting from her insights on an economy’s main processes, the control mechanisms at work, and the fitness of an economy, we can take a comprehensive look at innovation targets, i.e., the types of problems our society needs to solve.

What’s an economy – According to Jane Jacobs

Lots has been said and written about the economy and how it works, most if it in the specific terminology of economics. It took somebody with a very broad spectrum of interests, insights and ideas to develop a more natural narrative, somebody like the journalist, author, and activist Jane Jacobs. In “The Nature of Economies”, she offers a conceptual description of economies that is entirely based on the very same natural principles that govern chemistry, mechanics, and biology, and a fresh perspective on how economies thrive or fail. This post is a tribute to her work.

Innovation – Our force for change

Innovation has become a major buzzword of our time, often with almost mystical properties ascribed. This essay is my attempt to demystify that buzz – in 500 words.

Disrupting Big Business

Over the last century, Big Business transformed dramatically, several times. What used to be in the hands of heavy industry, of oil and steel, gradually became the domain of the chemical, pharmaceutical, automotive and later on consumer electronics industries. And from the 1990s onwards, it morphed again as the Digital Revolution unfolded. Today, Big Business […]

Tremendous resources – well balanced?

We commit tremendous resources to innovation, no doubt. Just look at the sheer size of the Research & Development departments of the big players across many industry sectors, and consider the multi-billion budgets they invest. For example, consider Samsung’s R&D budget for 2016 (around 13 billion US$) and compare with the Gross Domestic Product (GDP) achieved around […]