'Professor Swann summarizes the core thesis of his book beautifully in his concluding remarks: "... common innovation is about how we, ordinary people, create the wealth of nations. Business has no monopoly of innovation or of wealth creation." I applaud Swann's thoughtful efforts to move...

Contents: Preface -- Part I: Re-appraisal -- 1. Introduction -- 2. How good are econometric results? -- 3. Assumptions in empirical economics -- 4. Three types of rigour -- 5. Misinterpreting Kelvin's Maxim -- 6. Myths about case studies -- 7. Discontent in the academy -- 8. Wider discontent --...

This paper compares patterns of industrial clustering in the British broadcasting and financial services industries. Recent trends of deregulation, rapid technological change, and globalization in both industries suggest the significant and increasing importance of clustering effects. This study...