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Technological innovation: Galbraith, the Post Keynesians, and a heterodox future

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  • JERRY COURVISANOS

Abstract

Galbraith, in his work on The New Industrial State, provides the crucial institutional base from which to appreciate corporate technological innovation. This approach is modified by the work of other institutional writers in the context of changing industrial realities, including the rise of start-up entrepreneurs. Post Keynesians have developed a monopoly capitalist research agenda that implies certain important elements of human agency that institutionalists have left unstated. Finally, this paper sketches important elements of a future heterodox analytical framework on innovation that incorporates Galbraithian and Post Keynesian features for understanding corporate business strategy and public policy management.

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  • Jerry Courvisanos, 2005. "Technological innovation: Galbraith, the Post Keynesians, and a heterodox future," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 28(1), pages 83-102.
    • Handle: RePEc:mes:postke:v:28:y:2005:i:1:p:83-102
    DOI: 10.1080/01603477.2005.11051468
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    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economic Development Technological Change, and Growth > Management of Technological Innovation and R&D

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    Cited by:

    1. Adem LEVENT, 2016. "Power, Market and Techno-Structure in John Kenneth Galbraith’s Thought," Journal of Social and Administrative Sciences, KSP Journals, vol. 3(2), pages 214-218, June.
    2. Marco A. Crocco, 2008. "Technical Change And Formation Of Expectations," Metroeconomica, Wiley Blackwell, vol. 59(2), pages 276-304, May.

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