Skip to main content
SpringerLink
Log in
Palgrave Macmillan

The Political Economy of Innovation Development

Breaking the Vicious Cycle of Economic Theory

  • Book
  • © 2017

Overview

Authors:
  1. Iurii Bazhal

    1. National University of Kyiv-Mohyla Academy, Kiev, Ukraine

    View author publications

    You can also search for this author in PubMed   Google Scholar

  • Presents evidence that indicates the existence of a "life cycle" for each of the core economic theories

  • Seeks to better understand the contemporary failures of economic policy

  • Places 'innovation' as a new concept within political economy

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 44.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 59.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 59.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (7 chapters)

  1. Front Matter

    Pages i-ix
    Download chapter PDF

  2. Introduction

    • Iurii Bazhal
    Pages 1-13

  3. Innovations: A known Unknown Phenomenon of Economy

    • Iurii Bazhal
    Pages 15-39

  4. Key Features of Schumpeter’s Theory of Economic Development

    • Iurii Bazhal
    Pages 41-63

  5. “Vicious Cycle” of Political Economy Without “Innovations”

    • Iurii Bazhal
    Pages 65-85

  6. Innovation Development Versus Re-industrialization

    • Iurii Bazhal
    Pages 87-99

  7. Evaluating Innovations Impact on Economy

    • Iurii Bazhal
    Pages 101-115

  8. Human Capital and Innovation Development

    • Iurii Bazhal
    Pages 117-129

  9. Back Matter

    Pages 131-135
    Download chapter PDF
Back to top

Keywords

About this book

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.

Authors and Affiliations

  • National University of Kyiv-Mohyla Academy, Kiev, Ukraine

    Iurii Bazhal

About the author

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.

Bibliographic Information

  • Book Title: The Political Economy of Innovation Development

  • Book Subtitle: Breaking the Vicious Cycle of Economic Theory

  • Authors: Iurii Bazhal

  • DOI: https://doi.org/10.1007/978-3-319-54852-4

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017

  • Hardcover ISBN: 978-3-319-54851-7Published: 17 July 2017

  • Softcover ISBN: 978-3-319-85501-1Published: 01 August 2018

  • eBook ISBN: 978-3-319-54852-4Published: 27 June 2017

  • Edition Number: 1

  • Number of Pages: IX, 135

  • Number of Illustrations: 3 b/w illustrations

  • Topics: Economic Growth, Economic Policy, International Political Economy, R & D/Technology Policy

Publish with us

Policies and ethics

Back to top

Search

Navigation