Table 1 Financial innovation development theories
From: Can we have a general theory of financial innovation processes? A conceptual review
Evolutionary | Life Cycle Theory |
• Optimization | • Natural Laws |
• Combinatorial Evolution | • Immanence |
• Natural Selection | • Logical Necessity |
• Self-Organization | Institutional Theory |
Economic Theory | • Regulation |
• Demand side | • Financial Architecture |
• Supply side | • Innovating Institutions |
|  | • Behavioral approach |