Overview

The growth of evolutionary thinking has had a profound impact on economic theory and related fields such as strategy and technological innovation. An important paradigm that underlies the evolutionary theory of innovation is neo-Darwinian evolution. According to this paradigm, evolution is gradualist and based on the mechanisms of variation, selection, and retention. Since the 1970s, theoretical advancements in evolutionary biology have recognised the central role of punctuated equilibrium, speciation, and exaptation. However, despite their significant influence in evolutionary biology, these advancements have been reflected only partially in evolutionary approaches to economics, strategy, and innovation. The aim of this book is to review these advancements and explore their implications, with a particular emphasis on the role of serendipity and unprestateability in innovation and novelty creation.

Full Product Details

Author:   Gino Cattani (Professor of Strategy and Organization Theory, Professor of Strategy and Organization Theory, New York University) ,  Mariano Mastrogiorgio (Assistant Professor of Management, Assistant Professor of Management, at IE Business School)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 16.40cm , Height: 2.40cm , Length: 24.00cm
Weight:   0.540kg
ISBN:  

9780198837091

ISBN 10:   0198837097
Pages:   256
Publication Date:   13 May 2021
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Richard Nelson: Foreword Franco Malerba: Foreword 1: Gino Cattani and Mariano Mastrogiorgio: New Developments in Evolutionary Innovation: An Introduction 2: Gino Cattani and Mariano Mastrogiorgio: New Frontiers: Punctuated Equilibrium, Speciation and Exaptation in Innovation 3: Giuseppe Carignani: On the Origins of the Airframe Revolution: Managing Exaptive Radical Innovation 4: Gino Cattani and Mariano Mastrogiorgio: A Nonpredictive View: Evolution, Unprestateability, Disequilibrium 5: Gino Cattani and Mariano Mastrogiorgio: New Evolutionary Theory Via Simulation: NK Landscapes and Beyond 6: Gino Cattani and Mariano Mastrogiorgio: From Trees to Networks: Technological Evolution From the Complexity Angle 7: Teppo Felin and Stuart Kauffman: The Search Function and Evolutionary Novelty 8: Antonio Mastrogiorgio, Enrico Petracca, and Riccardo Palumbo: Extended Cognition and the Innovation Process 9: Gino Cattani and Mariano Mastrogiorgio: Organising for Unprestateability: An Option-Based Approach 10: Michael Unrau and Liane Gabora: The Cultural Evolution of Creative Ideas and Social Innovations: A Complex Systems Approach Gino Cattani and Mariano Mastrogiorgio: Conclusions

Reviews

This is an important and much needed book that enriches the evolutionary approach to technological change by exploring in a clear, rigorous, and original way new ideas, such as the role of exaptation and serendipity in innovation and novelty creation. * Luigi Marengo, LUISS University * Cattani and Mastrogiorgio and their collaborators offer a valuable contribution to the evolutionary perspective on technological change. Continuity and change are key properties of an evolutionary dynamic. By incorporating the key evolutionary process of exaptation, they offer important insights regarding novel technologies that help reconcile this duality of continuity and change. A real strength of the collection is that it spans theory, modeling, and empirical contributions around these important ideas. * Daniel Levinthal, Wharton School, University of Pennsylvania * This is a very important book which gives flesh and structure to the notion that evolution is a genuinely uncertain and serendipitous process, both in biology and in the socio-economic domain. It should also be a must for all scholars tempted to use ideas like 'rational technological expectations' or 'selection-driven optimization': read this book and think twice! * Giovanni Dosi, Sant'Anna School of Advanced Studies *

This is a very important book which gives flesh and structure to the notion that evolution is a genuinely uncertain and serendipitous process, both in biology and in the socio-economic domain. It should also be a must for all scholars tempted to use ideas like 'rational technological expectations' or 'selection-driven optimization': read this book and think twice! * Giovanni Dosi, Sant'Anna School of Advanced Studies * Cattani and Mastrogiorgio and their collaborators offer a valuable contribution to the evolutionary perspective on technological change. Continuity and change are key properties of an evolutionary dynamic. By incorporating the key evolutionary process of exaptation, they offer important insights regarding novel technologies that help reconcile this duality of continuity and change. A real strength of the collection is that it spans theory, modeling, and empirical contributions around these important ideas. * Daniel Levinthal, Wharton School, University of Pennsylvania * This is an important and much needed book that enriches the evolutionary approach to technological change by exploring in a clear, rigorous, and original way new ideas, such as the role of exaptation and serendipity in innovation and novelty creation. * Luigi Marengo, LUISS University *

Author Information

Gino Cattani is Professor of Strategy and Organization Theory at the Stern School of Business, Department of Management and Organizations, New York University. His research spans different areas of investigation, with a particular focus on how firms sustain their competitive advantage in regimes of technological change and the role of preadapted capabilities. He also studies audience-mediated legitimation processes that are involved in the recognition and acceptance of novelty. He has served as Deputy Senior Editor of Organization Science, and he is currently serving as associate editor of Management Science and Industrial and Corporate Change. He is also Chief Editor of Advances in Strategic Management. Mariano Mastrorgiorgio is assistant professor of management at IE Business School, Department of Strategy, where he teaches Introduction to Management and Strategic Management in the undergraduate programmes. His research lies at the intersection of evolutionary theory of innovation, behavioural strategy, and complexity economics. His work has been published in Organization Science, Industrial and Corporate Change and Research Policy.

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