Investment is a function of expected profit, which involves calculation of the cost of trust. Blockchain technology is a new institutional technology (Davidson et al 2018) that industrialises trust (Berg et al 2018). We therefore expect that the adoption of blockchain technology into the economy...

The innovation systems (IS) approach — developed by Richard Nelson, Christopher Freeman and Bengt-Ake Lundvall, amongst others — has become perhaps the dominant approach in the academic literature for the study of innovation. It has also exerted considerable influence on policy. This paper...

In Creating a Learning Society, Joseph Stiglitz and Bruce Greenwald examine the role of knowledge in economic growth. They view economic growth as an impersonal and automatic phenomenon. The history of economic growth however suggests that it is a creative and personal process. We argue that the...