This paper explains why capitalistic economies are restless by focusing on the role and the activities by entrepreneurs. The linkage between the entrepreneur and the economy is that as knowledge is a scarce resource, entrepreneurs must economize knowledge to reduce uncertainty if they are to...

This article proposes three ideal business models to analyze innovation in knowledge-intensive goods and services. The three models are 1) Firm-based control. 2) Hybrid, and 3) Network-based. Each is defined in relation to the two sides of innovation, e.g. creation of novelty and of economic...

This paper addresses the issue of which societal actors have the capability and willingness to finance and organize search processes, in order to introduce commercial innovations, over a longer time period. The long-term development of agriculture depends upon innovations within a variety of...

The development of knowledge requires investment, which may be made in terms of financial resources or time. Open source software (OSS) has challenged much of the traditional reasoning by suggesting that individuals behave altruistically and contribute to a public good, despite the opportunity...