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Innovation CommonsThe Origin of Economic Growth$
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Jason Potts

Print publication date: 2019

Print ISBN-13: 9780190937492

Published to Oxford Scholarship Online: August 2019

DOI: 10.1093/oso/9780190937492.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 19 May 2022

Innovation Policy for the Commons

Innovation Policy for the Commons

(p.179) 8 Innovation Policy for the Commons
Innovation Commons

Jason Potts

Oxford University Press

Chapter 8 examines the implications of the private-ordering institutional perspective on the origin of innovation for innovation policy. It addresses the question of what innovation policy should look like based on the theory of innovation commons, proposing an institutional framework of new innovation policy coming from civil society as much as from government. It examines how the quality of the innovation commons shapes the prospects of an innovation trajectory. It is critical of innovation policy that ignores institutional context, offering policy guidance based on institutional design principles, or a framework of “rules as policy.” The chapter views the fundamental policy problem as addressing discovery failure. It develops the comparative institutional approach to innovation policy using the institutional possibility frontier approach.

Keywords:   Innovation commons policy, innovation trajectory, institutional design principles, discovery failure, institutional possibility frontier

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