The Political Economy of Innovation Development

Breaking the Vicious Cycle of Economic Theory

Business & Finance, Economics, Economic Development, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book The Political Economy of Innovation Development by Iurii Bazhal, Springer International Publishing
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Author: Iurii Bazhal ISBN: 9783319548524
Publisher: Springer International Publishing Publication: June 27, 2017
Imprint: Palgrave Macmillan Language: English
Author: Iurii Bazhal
ISBN: 9783319548524
Publisher: Springer International Publishing
Publication: June 27, 2017
Imprint: Palgrave Macmillan
Language: English

This book  finds that the R&D and technological innovation of a country is not a result, but a factor, of sustained economic growth. Bazhal develops Schumpeter's theory to argue that genuine economic growth - especially in transitioning and developing countries - is only possible with innovation. With a particular focus on the work of Ukrainian economists, Tugan-Batanobvsky and Vernadsky, the text seeks to move the discipline forward and explain why innovation has become a primary factor of economic development in recent decades and why its role will become even more dominant in the future. 

Chapters interrogate whether modern economic theory can explain how we ensure the effective functioning of the market economy. The book shows that explanations of economists and politicians regarding the nature of the current economic and financial crisis, and the causes of huge gaps in levels of wealth in market economies, demonstrates that there are not enough satisfactory answers to this question.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book  finds that the R&D and technological innovation of a country is not a result, but a factor, of sustained economic growth. Bazhal develops Schumpeter's theory to argue that genuine economic growth - especially in transitioning and developing countries - is only possible with innovation. With a particular focus on the work of Ukrainian economists, Tugan-Batanobvsky and Vernadsky, the text seeks to move the discipline forward and explain why innovation has become a primary factor of economic development in recent decades and why its role will become even more dominant in the future. 

Chapters interrogate whether modern economic theory can explain how we ensure the effective functioning of the market economy. The book shows that explanations of economists and politicians regarding the nature of the current economic and financial crisis, and the causes of huge gaps in levels of wealth in market economies, demonstrates that there are not enough satisfactory answers to this question.

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