22 lines
734 B
Markdown
22 lines
734 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-introduction -->
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# Economic System Innovation
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## Definition
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The development and introduction of new approaches, mechanisms, and arrangements within economic systems that improve their effectiveness, efficiency, or adaptability, including the creation of new institutions, policies, and practices that advance economic development.
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## Source Chapter
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Book IV, Chapter 0
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## Context
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Smith's discussion of modern systems and their advantages implies the importance of innovation in economic arrangements and the development of new approaches to economic organization and management.
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## Economic Domain
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General Theory
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---
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