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Professor Jason Potts, Professor of Economics in the School of Economics, Finance and Marketing, RMIT University, presents "Innovation without firms"
About the event
This seminar will present some preliminary (theoretical) findings from a large research project on the early stages of the innovation process prior to the formation of firms. We develop several models that seek to explain the processes that lead to firm formation. Three main models will be presented. (1) on how the innovation commons functions to resolve uncertainty in matching ideas to institutions; (2) on a fuzzy rule base conception of the origin of firms from entrepreneurial adaptation of institutional variation (model developed by Prateek Goorha); and (3) a model of innovation policy that seeks to exploit this based on the distinction between a diagnosis of the innovation problem as a market failure problem versus a collective action problem.
About the presenter
Jason Potts is Professor of Economics in the School of Economics, Finance and Marketing, RMIT University. He is currently an ARC Future Fellow. His latest book is Cultural Science: A Natural History of Stories, Demes, Knowledge and Innovation (with John Hartley).
This seminar is organised by the Centre for Sustainable Organisations and Work.
It is a part of the Sustainability Seminar Series that explores critical debates and issues from a diverse range of disciplines in order to deepen our understanding of people in the context of significant social, economic and organisational change. The series is connected by Centres’ key research themes: Work, Sustainability and Organisations, and Globalisation.