OECD/Eurostat (2018), Oslo Manual 2018: Guidelines for Collecting, Reporting and Using Data on Innovation, 4th Edition, The Measurement of Scientific, Technological and Innovation Activities, OECD Publishing, Paris/Eurostat, Luxembourg, https://doi.org/10.1787/9789264304604-en. 1. Explanation of Innovation Theories Diffusion Theory (Rogers, 1962): This theory, developed by Everett Rogers, focuses on how innovations are spread within a social system. Rogers proposed that adoption …
Month: December 2023
Ancient wisdom on Leadership from Plutarch
Bio Plutarch was a Greek historian, biographer, and essayist, born around 46 A.D. in Chaeronea, Boeotia, in ancient Greece. He is best known for his work "Parallel Lives," a series of biographies of famous Greeks and Romans, paired to illuminate their common moral virtues or failings. This work, along with his other writings, particularly "Moralia," …
Chapter summary – “What Do We Learn From Schumpeterian Growth Theory?” In Handbook of Economic Growth by Philippe Aghion, Ufuk Akcigit, Peter Howitt
Philippe Aghion, Ufuk Akcigit, Peter Howitt,Chapter 1 - What Do We Learn From Schumpeterian Growth Theory?,Editor(s): Philippe Aghion, Steven N. Durlauf,Handbook of Economic Growth,Elsevier,Volume 2,2014,Pages 515-563,ISSN 1574-0684,ISBN 9780444535467,https://doi.org/10.1016/B978-0-444-53540-5.00001-X. Schumpeterian Growth: Basic Model This model is about how an economy grows when new inventions and innovations happen. It’s based on the idea that new innovations come …
Chapter summary – “Measuring innovation” by Keith Smith in the Oxford Handbook of Innovation
Smith, K. (2009). Measuring Innovation. In J. Fagerberg, D. C. Mowery, & R. R. Nelson (Eds.), The Oxford Handbook of Innovation (pp. 148-178). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199286805.003.0006 Challenge of Measuring Innovation: The paper emphasizes the inherent difficulty in quantifying innovation due to its novel nature. It notes that "Measurement implies commensurability," yet innovation, by its …
Chapter summary: “Introduction to the Handbook” in Handbook of the Economics of Innovation by Hall and Rosenberg
Hall, B. H., & Rosenberg, N. (2010). Introduction to the Handbook. In Handbook of the Economics of Innovation (Vol. 1, pp. 1-9). Elsevier. DOI: 10.1016/S0169-7218(10)01001-4. Dynamic Nature of the Innovation Process: The innovative process is inherently dynamic, building on past knowledge, inventions, and innovations. This cumulative and evolving nature of innovation is a key theme, …
Chart – Nuclear reactors under construction, The Economist
The Economist. (2023, November 30). Chart: Plant Growth. The Economist. Retrieved from [https://www.economist.com/].
Statistics on the future of work – The Economist
The Economist. (2023, November 30). A new age of the worker will overturn conventional thinking. The Economist. Retrieved from [https://www.economist.com/]. Shrinking Wage Gaps: Since 2016, the lowest earners in America have seen faster wage growth than the highest earners. The COVID-19 pandemic accelerated this trend, reversing 40% of the pre-tax wage inequality that had developed …
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Play summary: Macbeth by William Shakespeare
Act 1: The Rise of Ambition Scene Setting: Scotland, during a time of war. Key Events: Macbeth and Banquo, Scottish generals, encounter three witches who prophesy that Macbeth will become Thane of Cawdor and eventually King of Scotland, while Banquo's descendants will also be kings. The prophecy begins to come true as Macbeth is indeed …
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Chapter summary: “Socrates” in A History of Western Philosophy by Bertrand Russell
Russell, Bertrand. A History of Western Philosophy. Simon & Schuster, 1945. Socrates Historical Ambiguity: The extent of our knowledge about Socrates is a subject of debate among historians, creating uncertainty about how much we truly know of his life and teachings. Athenian Citizen: Socrates, known as an Athenian citizen of moderate means, devoted his life …
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Backgrounder: Pre-Socratic Philosophers
The Milesian School Thales Belief: Argued that water is the primary element and principle of all things. Argument: Based on the observation that life is sustained by moisture and that heat itself seems to originate from and require moisture. Anaximander Belief: Introduced the concept of 'Apeiron' (the indefinite or infinite) as the fundamental principle. Argument: …
RICHARD WILSON 