Innovation Ecosystems

Martin Fransman is Professor Emeritus of Economics at the University of Edinburgh. He won the 2008–10 Joseph Schumpeter Prize for his book The New ICT Ecosystem (Cambridge, 2010). His other book prizes include the Wadsworth Prize for the best business book published in the UK for Telecoms in the Internet Age: From Boom to Bust to…? (2002), and the Masayoshi Ohira Prize for The Market and Beyond (Cambridge, 1990).

• 1. Introduction; 2. Contextualising innovation – the Schumpeterian-evolutionary approach to economic change; 3. 'National innovation systems', 'business ecosystems', and 'innovation ecosystems'; 4. The ICT innovation ecosystem; 5. Interview with Martin Fransman on innovation ecosystems; 6. How does innovation happen? – An ex ante perspective; 7. Who makes innovation happen? Is the entrepreneur becoming obsolete? Creating an organisation-level innovation ecosystem; 8. Innovation ecosystems and financial markets – the telecoms boom and bust 1996–2003; 9. Innovation ecosystems, new waves of industrialisation, and the implications for China; 10. Keynes's General Theory of Employment, Interest, Money, and Innovation; 11. Conclusions.

'A joy to read (and re-read).' Arno Penzias, Nobel Laureate in Physics and former President of Bell Laboratories