This is the website of G.M.P. (Peter) Swann, Emeritus Professor of Industrial Economics, University of Nottingham, UK.

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Common Innovation

I am pleased to say that this book has now been published by Edward Elgar Publishing.

Most of what is written about the economics of innovation concerns business or professional innovation.  By that I mean the innovations of companies that transform their production processes or transform the goods and services they sell us as customers.  But there is another layer of innovation, more modest in scope, but a great deal more common in extent.  This includes what I call common innovation - the innovations of ordinary people which are not intended for large scale commercial use, but simply to improve the quality of life of the innovator.  While I don't suggest that these common innovations are a substitute for commercial innovation, they can be a very important source of wealth creation - especially amongst ordinary people on below-average incomes.  The book gives an overview of common innovation, where it can be found and why it is significant in wealth creation.

Link to page for book on Elgar website

I have set up a special page with additional material relating to this book - Follow this link to