The Political Economy of Innovation Development: Breaking the Vicious Cycle of Economic Theory

Author:   Iurii Bazhal
Publisher:   Springer International Publishing AG
Edition:   Softcover reprint of the original 1st ed. 2017
ISBN:  

9783319855011


Pages:   135
Publication Date:   01 August 2018
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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The Political Economy of Innovation Development: Breaking the Vicious Cycle of Economic Theory


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Overview

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.

Full Product Details

Author:   Iurii Bazhal
Publisher:   Springer International Publishing AG
Imprint:   Springer International Publishing AG
Edition:   Softcover reprint of the original 1st ed. 2017
Weight:   2.006kg
ISBN:  

9783319855011


ISBN 10:   3319855018
Pages:   135
Publication Date:   01 August 2018
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

 Provisional: 1. Key Features of J. A. Schumpeter’s Theory of Economic Development: Its Genesis and Modern Theoretical Approaches.- 2. The “Vicious Circle” of Political Economy Development: The Necrophilia syndrome.- 3. M. I. Tugan-Baranovsky as the Precursor and Founder of the Innovation Theory of Economic Development.- 4. Understanding the Nature of Added Value: Evolution of Theories of Economic Development.- 5. The Innovation Structural Change of Economy as a Main Factor of Economic Development.- 6. Creating a National Innovation Ecosystem.

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Author Information

Iurii Bazhal is the Head of Economics at The National University of Kyiv-Mohyla Academy in the Ukraine. He is also an Academic of The Higher School Academy of Sciences of Ukraine and Academic-Correspondent Member of Ukrainian Academy of Technological Sciences.He has over 160 publications, including 14 individually and collectively written monographs and 5 textbooks, and has also published a number of scientific articles in Ukrainian and foreign scientific journals.

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