This chapter considers economic development from the perspective of the organization of production. The basis for our argument is a synthesis of two previously distinct analyses of the theory of the firm, namely: the competence-based and strategic choice approaches. That synthesis makes creativity - that is, the use of ideas and imagination so as to make things happen - a central issue in understanding production. From that we hypothesize that the treatment of creativity is a significant determinant of the prospects for economic development at local, regional, national and indeed global levels. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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