Innovation: A Vigorous River with High Banks

Marchetti, C. (1983). Innovation: A Vigorous River with High Banks. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-83-107

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In this paper, prepared for the Beijing International Conference on Science and Technology Policy and Research Management, Dr. Cesare Marchetti explains that economics is basically an expression of culture rather than a mere assembly of money, managers, and machines, and argues that economic decisions should always be weighted and selected in a cultural context if they are to have a lasting and constructive effect. He shows that the introduction of new technologies in the western world seems to demonstrate the same behavior as a biological species filling an ecological niche, and that this leads to long waves, or cycles, of innovation. Finally, he considers the implications of these results for technology development in China.

Item Type: Monograph (IIASA Working Paper)
Research Programs: System and Decision Sciences - Core (SDS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:53
Last Modified: 27 Aug 2021 17:11

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