From social media to mortgage-backed securities, innovation carries both risk and opportunity. Groups of people win, and lose, when innovation changes the ground rules. Looking beyond formal politics, this new book by Cristie Ford argues that we need to recognize innovation, and financial...

As captivating as paradigm-changing "radical" innovations may be, “sedimentary”, or incremental, innovation – incremental improvements based on imitation, tweaking, bricolage and diffusion – are in fact the main way in which innovation actually develops. In finance, sedimentary...

Machine generated contents note: 1. Innovation as a regulatory challenge: four stories; 2. The history and rots of flexible regulation; 3. Flexible regulation: key scholarship; 4. Flexible regulation scholarship, 1980-2012; 5. Flexible regulation and ideology; 6. Innovation as regulatory subject; 7....