The Political Economy of Innovation Development - Breaking the Vicious Cycle of Economic Theory (Hardcover, 1st ed. 2017)

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.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Release date:	July 2017
First published:	2017
Authors:	Iurii Bazhal
Dimensions:	210 x 148mm (L x W)
Format:	Hardcover
Pages:	135
Edition:	1st ed. 2017
ISBN-13:	978-3-319-54851-7
Categories:	Books > Business & Economics > Economics > Political economy Books > Business & Economics > Business & management > Management of specific areas > Research & development management Promotions
LSN:	3-319-54851-4
Barcode:	9783319548517

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