Competing through innovation: Technology Strategy and Antitrust Policies by David J. Teece

摘要

101 years after the first publication of Joseph Schumpeter's Theory of Economic Development, mainstream economists and not few economically trained captains of industry are strangely unimpressed by Schumpeterian ideas. They continue to insist on negotiating for low salaries, shopping for cheap raw materials and adjusting capacity relative to market prices. Hard work and systematic cost saving seems to be understood as the key to competiveness in any industry. In Competing Through Innovation, Teece is particularly concerned with information technology industries in the USA. His concern is the industries in which innovation is ubiquitous and where product cycles are short. The focus is on the USA alone. Although some of his empirical data are somewhat dated, his discussion of innovation-based competition is highly relevant today, across many sectors, and internationally. Reflecting a frustration with the slow uptake of Schumpeter's seminal ideas, Teece and his collaborators discuss in depth a series of politically and commercially urgent issues. On the most general level, the question is what the challenges are for societies in which economic and industrial policy still is dominated by equilibrium-oriented, mainstream thinking on competition. In what ways are resulting policies flawed; what are the real effects of these policies; and what should alternatives in terms of policy and strategy look like? These themes, and basic concepts and perspectives are presented in an introduction written by Teece himself. As all the chapters in the book (all but the Introduction and Chapter 1 are co-authored) this introductory text has been published before. However, unlike all the other chapters, this particular text has been revised for use in this volume.