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Conclusion: Innovation Policy

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Innovations Lead to Economic Crises
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Abstract

This chapter, Conclusion, discusses innovation policy, or what to do with the knowledge that innovation leads to economic crises. This chapter answers the question readers may have when they read the book: So what? The answer is framed as a policy-model, which can be used by management and political leadership.

In the Afterword, we discuss the following: If it is a system crisis as suggested in the book, how do we fix the «system»? What are the critical components/variables, how are they interlinked and what are the change possibilities?

In the chapter on concepts, the main abstract concepts are explained in order to help the reader.

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Notes

  1. 1.

    Information structure is abbreviated to info-structure in order to suggest an analogy to infrastructure.

  2. 2.

    Information control, information channels and networks for communication, information collection, information analysis, information strategy, information structuring and systematization, information coordination, information storage and recovery, information culture and information transmission. The ten processes of the “info-structure” may be considered as nodes in a network at different system levels, which together maintain the totality of the info-structure. The purpose of the nodes is to coordinate information in the social systems and networks of social systems, so that social interaction is possible, and new knowledge can be developed. Each of these processes is of strategic importance to the social systems. The control of one or more of these processes results in guiding principles for the control of information, communication and network logic of social systems. Through control of the individual processes one has the opportunity to influence activities in other processes. The various processes have their relative importance in the various systems. At the same time, they are of different importance depending on the system level that is being focused on in the social systems.

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Johannessen, JA. (2017). Conclusion: Innovation Policy. In: Innovations Lead to Economic Crises. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-41793-6_8

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  • DOI: https://doi.org/10.1007/978-3-319-41793-6_8

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-41792-9

  • Online ISBN: 978-3-319-41793-6

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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