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The Political Economy of Innovation Development

Breaking the Vicious Cycle of Economic Theory

Authors: Bazhal, Iurii

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  • 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
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eBook $54.99
price for USA (gross)
  • ISBN 978-3-319-54852-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA
  • ISBN 978-3-319-54851-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $69.99
price for USA
  • ISBN 978-3-319-85501-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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.

About the authors

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.

Table of contents (7 chapters)

Table of contents (7 chapters)

Buy this book

eBook $54.99
price for USA (gross)
  • ISBN 978-3-319-54852-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA
  • ISBN 978-3-319-54851-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $69.99
price for USA
  • ISBN 978-3-319-85501-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Political Economy of Innovation Development
Book Subtitle
Breaking the Vicious Cycle of Economic Theory
Authors
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-54852-4
DOI
10.1007/978-3-319-54852-4
Hardcover ISBN
978-3-319-54851-7
Softcover ISBN
978-3-319-85501-1
Edition Number
1
Number of Pages
IX, 135
Number of Illustrations
3 b/w illustrations
Topics