Download The Political Economy of Innovation and Entrepreneurship: by Ivar Jonsson PDF

By Ivar Jonsson

ISBN-10: 1472466829

ISBN-13: 9781472466822

This e-book deals a basic theoretical framework for imminent innovation and entrepreneurship, utilizing sensible and up to date examples to illustrate 3 assorted degrees of innovation and entrepreneurship: the macro-level, which matters the influence of innovation task on fiscal development and creation structures; the meso-level, which matters the family among organisations, examine institutes and governmental our bodies and their position in innovation task; and the micro-level, which issues the dynamics of thoughts inside companies and agencies. delivering a severe evaluation of current examine and demonstrating the significance of a transdisciplinary framework for reports of innovation and entrepreneurship, the writer advances a normal suggestion of 'collective entrepreneurship' that emphasises the social and collaborative nature of innovation and entrepreneurship, hence laying off mild on approaches of innovation and entrepreneurship as energetic practices of social building. As such, it is going to attract students of financial sociology, political technological know-how, financial geography and economists, in addition to people with pursuits in innovation coverage.

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Extra resources for The Political Economy of Innovation and Entrepreneurship: From Theories to Practice

Sample text

Consumers are often in the situation of choosing between buying meat, fish or vegetables when they buy groceries; all these goods being products of different branches of industry. According to the theory, however, they are all comparable and interchangeable and are therefore identical‘substitutes’. This view does not hold water according to the ‘heterogeneous demand theory’. Joan Robinson (1933) and Edward H. Chamberlin (1933) presented theories in the 1930s on monopoly and imperfect competition and laid the grounds for heterogeneous demand theory.

Furthermore, each firm is ‘atomic’ and has no internal structure of interests, that is, all inputs and resources of the firm are delivered through market exchanges, including labour. Moreover, it is presumed that it does not require any extra costs for firms to enter markets compared to the firms that already operate on the market. Finally, neoclassical economics presume that firms can sell their assets without loss when they leave an industry. As we will discuss below, these apparently unrealistic theoretical assumptions of neoclassical economics have been criticised by various heterodox schools in economics.

The economy itself is the environment that consists of individuals, social groups and corporations (S. Keen, 2001, p. 310). E. Boulding (1981) who, as Kropotkin (1904) did in his book Mutual Aid: a Factor in Evolution, emphasises that cooperation creates new conditions for evolution and, as a consequence, evolution is not a simple mechanical adjustment to the environment. Cooperation creates new opportunities (J. Foster, 1991, p. 222). Kropotkin criticised nineteenth century Darwinism and argued that it is true both for humans and for animals that cooperation is a more important force in the development of the species than competition (P.

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