Toward a Neo-Schumpeterian Theory of the Firm

This paper offers a sketch of what an economic theory of the firm would look like if it were founded on the thought of Joseph Schumpeter, particularly on Chapters 1-2 of his Theory of Economic Development. Schumpeterian analysis requires an intuitively appealing and realistic conceptualization of the distinction between routine and innovative behavior, and in particular, a conceptualization relevant to complex organizations and complex tasks. It is argued that the production theory found in mainstream economics does not meet this requirement, particularly because its characterization of productive knowledge involves an overly sharp distinction between “technically possible” and “technically impossible” – a distinction which has no counterpart in the realities of organizational knowledge. The main elements of a Schumpeterian view are described and contrasted with those in the mainstream view.Theory of the firm, Schumpeter, Innovation, Knowledge

The foundation years of the Royal Society of Tasmania, 1843-86

The early history of the Royal Society is of an organisation broadly based in its scientific activity: developing and administering the Colonial Gardens in Hobart; providing a forum for papers, both practical and scientific; publishing; building a library through the exchange of its publications; and establishing a museum through donations and exchange. Involving both local people and many international corresponding members, the Society was the means by which the scientific world could learn about Tasmania and the local community could learn about European scientific developments and also be informed about local environmental issues

Cycles of construing in radicalization and deradicalization: a study of Salafist Muslims.

© Taylor & Francis Group, LLC.This article explores radicalization and deradicalization by considering the experiences of six young Tunisian people who had become Salafist Muslims. Their responses to narrative interviews and repertory grid technique are considered from a personal construct perspective, revealing processes of construing and reconstruing, as well as relevant aspects of the structure and content of their construct systems. In two cases, their journeys involved not only radicalization but self-deradicalization, and their experiences are drawn on to consider implications for deradicalization.Peer reviewedFinal Accepted Versio

Test of a simple and flexible molecule model for alpha-, beta- and gamma-S8 crystals

S8 is the most stable compound of elemental sulfur in solid and liquid phases, at ambient pressure and below 400K. Three crystalline phases of S8 have been clearly identified in this range of thermodynamic parameters, although no calculation of its phase diagram has been performed yet. alpha- and gamma-S8 are orientationally ordered crystals while beta-S8 is measured as orientationally disordered. In this paper we analyze the phase diagram of S8 crystals, as given by a simple and flexible molecule model, via a series of molecular dynamics (MD) simulations. The calculations are performed in the constant pressure- constant temperature ensemble, using an algorithm that is able to reproduce structural phase transitions.Comment: RevTex,7 pages, 5 figures,to appear in J. Chem. Phy

Stakeholder and Constraint-Driven Innovation of a Novel, Lever-Propelled, All-Terrain Wheelchair

The Leveraged Freedom Chair (LFC) is a low-cost, all-terrain, lever-propelled wheelchair designed primarily for use in developing countries. LFC technology was conceived because 70 percent of wheelchair users in these markets live in rural areas and no currently available mobility aid enables them to travel long distances on rough terrain and maneuver in tight, indoor confines. Because developing world markets impose constraints on cost, durability, and performance, a novel solution was required to satisfy stakeholder requirements. The key innovation behind the LFC is its single speed, variable mechanical advantage lever drivetrain. The user effectively changes gear by shifting his hands along the levers; grasping near the ends increases torque, while grasping near the pivots enables a larger angular displacement with every stroke, which increases speed. The drivetrain is made from low-cost bicycle parts found throughout the developing world, which enables the LFC to be sold for $200 and be repairable anywhere. During three user trials in East Africa, Guatemala, and India, stakeholder feedback was used to refine the chair between trials, resulting in a device 9.1 kg (20 lbs) lighter, 8.9 cm (3.5 in) narrower, and with a center of gravity 12.7 cm (5 in) lower than the first iteration. Survey data substantiated increases in performance after successive iterations. Quantitative biomechanical performance data were also measured during the Guatemala and India trials, which showed the LFC to be 76 percent faster and 41 percent more efficient during a common daily commute, and able to produce 53 percent higher peak propulsion force compared to conventional, pushrim-propelled wheelchairs. The LFC offers comparable performance at less than one-twentieth the cost of off road wheelchairs available in the rich world. Stakeholder feedback and the highly-constrained environment for which the LFC was created drove the technology towards a novel, innovative solution that offers a competitive advantage in both developing and developed markets. The paper concludes with a description of how the LFC is a “constraint-driven innovation.” This idea ties together the theories of “disruptive innovation” and “reverse innovation,” and may be used as a design tool for engineers striving to create technologies that have global impact.Singapore University of Technology and DesignInter-American Development BankNational Collegiate Inventors and Innovators AllianceD-Lab (Massachusetts Institute of Technology)Clinton Global InitiativeMassachusetts Institute of Technology. Office of the Dean for Graduate Education (Hugh Hampton Young Memorial Fellowship)Massachusetts Institute of Technology. Department of Mechanical EngineeringMassachusetts Institute of Technology. Public Service CenterMassachusetts Institute of Technology. Edgerton CenterMassachusetts Institute of Technology. Undergraduate Research Opportunities ProgramCalifornia Environmental Protection Agency. Air Resources Boar

The Value of Moderate Obsession: Insights from a New Model of Organizational Search

This study presents a new model of search on a “rugged landscape,” which employs modeling techniques from fractal geometry rather than the now-familiar NK modeling technique. In our simulations,firms search locally in a two-dimensional fitness landscape, choosing moves in a way that responds both to local payoff considerations and to a more global sense of opportunity represented by a firm-specific “preferred direction.” The latter concept provides a very simple device for introducing cognitive or motivational considerations into the formal account of search behavior, alongside payoff considerations. After describing the objectives and the structure of the model, we report a first experiment which explores how the ruggedness of the landscape affects the interplay of local payoff and cognitive considerations (preferred direction) in search. We show that an intermediate search strategy, combining the guidance of local search with a moderate level of non-local “obsession,” is distinctly advantageous in searching a rugged landscape. We also explore the effects of other considerations, including the objective validity of the preferred direction and the degree of dispersion of firm strategies. We conclude by noting available features of the model that are not exercised in this experiment. Given the inherent flexibility of the model, the range of questions that might potentially be explored is extremely large.Rugged Landscapes; Local Search; Cognition; Obsession; Fractal Geometry