Table of Contents

Innovation, Evolution and Economic Change

Innovation, Evolution and Economic Change

New Ideas in the Tradition of Galbraith

New Directions in Modern Economics series

Edited by Blandine Laperche, James K. Galbraith and Dimitri Uzunidis

The book begins with a penetrating analysis of the main features of today’s capitalism and in particular the conflict between shareholders and managers. It moves on to focus on the consequences of globalization in the decision-making processes of large corporations and represents an important step in the development of a theory of fraud and corruption within corporations. In the final part, the authors address and explore the consequences of the domination of influential groups over major social and political decisions, on the blurred boundaries between the public and the private sectors and its consequences in the fields of technological regulation and the evolution of public services. In so doing, the authors question the meaning and power of democracy in today’s society.

Chapter 13: Science and Governance in the National Systems of Innovation Approach

Victor Pelaez

Subjects: economics and finance, economic psychology, economics of innovation, history of economic thought, innovation and technology, economics of innovation


Victor Pelaez 1. INTRODUCTION * Since the 1970s, the concern of industrialized societies over the environmental impacts of technical progress has played a steadily increasing role in political agendas both at national and international levels. The risks associated with nuclear energy, toxic residues, carbon emissions and, more recently, genetic engineering, have contributed towards building a social critical vision of the positivist approach to technical progress. In his book (The New Industrial State – NIS) Galbraith (1967) makes a critical analysis of an economic system which prioritizes and spreads the values of economic growth as an ideology. Through an institutionalist approach, Galbraith highlights the power exerted by a planning system controlled by big industrial corporations and supported by the organized use of capital and technology (NIS, Chapter 6). The exertion of power would consist of an increasingly intense symbiosis between the interests of corporations and the state, thereby allowing the socialization of the risks of capital reproduction (NIS, Chapter 11). By providing the material basis for capital reproduction, scientific and technological knowledge becomes a fundamental instrument in the strategies of expansion of the technostructure (NIS, Chapter 2). The (re)production of this knowledge in turn depends on education and research institutions which, according to Galbraith’s critical approach, tend to assimilate the preponderant values of the production of goods. The systemic approach of technical progress has gained strength since the late 1980s with the evolutionary theory that analyses technical progress as a phenomenon based on endogenous mechanisms of generation and diffusion of technology (NIS,...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information