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Innovation, Diffusion, and Institutional Change

William H. Redmond · 2003 · Journal of Economic Issues

Summary. This paper examines how technological innovation drives institutional change by connecting diffusion theory with institutional economics. Rather than focusing solely on inventors and technological supply, the author argues for a demand-side perspective that explains why communities accept or reject innovations. The paper reconciles diffusion theory with institutional analysis to better understand how new technologies become embedded in social structures and institutions.

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Redmond, W. H.. (2003). Innovation, Diffusion, and Institutional Change. Journal of Economic Issues. https://doi.org/10.1080/00213624.2003.11506608

Details

DOI
10.1080/00213624.2003.11506608
Categories
innovation-theory, general-innovation
Added
2026-04-28