Introduction: a theory of innovation, flourishing, and growth / Edmund S. Phelps -- Overview of the chapters / Raicho Bojilov, Gylfi Zoega, and Hian Teck Hoon -- I. Estimating innovation -- across time and across nations: Innovation -- the source of rapid growth / Raicho Bojilov -- Sources of indigenous innovation and channels of its transmission across countries / Raicho Bojilov -- Indigenous innovation during the IT revolution -- we never had it so good? / Raicho Bojilov -- II. The roots and benefits of innovation: A case study of Iceland's successful innovators / Gylfi Zoega -- The force of values / Gylfi Zoega -- Individual values, entrepreneurship, and innovation / Raicho Bojilov -- Innovation, job satisfaction, and performance in Western European countries / Gylfi Zoega -- III. Two applications of robots: Growth effects of additive and multiplicative robots alongside conventional machines / Hian Teck Hoon -- Wage effects of additive and multiplicative robots alongside factory buildings and physical structures / Hian Teck Hoon -- Additive robots, relative prices, and indigenous innovation / Hian Teck Hoon.
Summary:
"In Dynamism Nobel Laureate Edmund Phelps, Raicho Bojilov, Hian Teck Hoon, and Gylfi Zoega argue that the high level of innovation in the West was not a result of scientific discoveries plus entrepreneurship. Rather, modern values-particularly the individualism and self-expression prevailing among the people-fueled the dynamism needed for widespread innovation"-- Provided by publisher.
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