Overview

When Entrepreneurs Meet: The Collective Governance of New Ideas challenges our understanding of how entrepreneurs crystallize opportunities surrounding new technologies. While innovation is the fundamental driver of growth and prosperity, how the earliest stages of entrepreneurship are governed remains elusive. This book creates a new, institutional approach to understanding entrepreneurship before emphasizing how entrepreneurs create governance structures to coordinate new knowledge resources.Rather than the conventional view that entrepreneurship happens inside firms, this unique transaction-cost economics analysis of entrepreneurship suggests it might begin earlier in hybrid, polycentric self-governance structures, including the innovation commons. Allen explores and analyses various examples of these structures, including hackerspaces and the institutions coalescing around the development of the blockchain economy, along with the dynamics of how those institutions might collapse into firms. This new understanding of the entrepreneurial governance problem is also connected to contemporary questions about the purpose, scope, and application of innovation policy.

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9781786349187

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Dr Darcy W E Allen (Twitter: @DrDarcyAllen) is a Research Fellow at the RMIT Blockchain Innovation Hub. He is an economist and writer working on the economics of new technologies. Dr Allen has published journal articles across popular economics and law journals including Research Policy and Harvard Negotiation Law Review. His recent books include: Cryptodemocracy: How Blockchain Can Radically Expand Democratic Choice (Lexington Books, 2019) and Unfreeze: How to Create a High Growth Economy After the Pandemic (American Institute for Economic Research, 2020). Dr Allen has appeared as an expert witness before Australian national and state parliamentary inquiries, his commentary and writing has appeared widely across the electronic and print media, and he sits on the editorial board of several blockchain journals.

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