Book excerpt: The summary of The Knockoff Economy – How Imitation Sparks Innovation presented here include a short review of the book at the start followed by quick overview of main points and a list of important take-aways at the end of the summary. The Summary of The notion that copying and imitation present significant challenges for businesses is called into question by the knockoff economy. Instead, it makes use of specific examples to illustrate how, in this day and age, when it is simpler than it has ever been to copy something, innovation is at its highest point in history. The Knockoff Economy summary includes the key points and important takeaways from the book The Knockoff Economy by Kal Raustiala and Christopher Sprigman. Disclaimer: 1. This summary is meant to preview and not to substitute the original book. 2. We recommend, for in-depth study purchase the excellent original book. 3. In this summary key points are rewritten and recreated and no part/text is directly taken or copied from original book. 4. If original author/publisher wants us to remove this summary, please contact us at [email protected].