Wealth of Nations is the Wealth of Ideas. The Social Innovation Imperative
Wealth of Nations is the Wealth of Ideas. The Social Innovation Imperative

Summary/Abstract: Social innovation cannot be a purposeless endeavour. It seeks to set framework conditions for development and to create new paths for growth. That is why, social innovation is to be judged by its results. It is the aim of this article to underline the importance of social innovation and to study its presence in two different temporal and geographical settings: Great Britain in the context of the Industrial Revolution and China in the context of structural reforms initiated around 30 years ago. These two cases indicate that social innovation may provide a possible answer to Adam Smith’s inquiry into how wealth is accumulated: the wealth of nations is ultimately the wealth of ideas.

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