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Innovation as a political process of development: are neo-Schumpeterians value neutral?

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  • Theo Papaioannou
  • Smita Srinivas

Abstract

Technological innovation has been one of the fastest growing areas of economics scholarship and one where history and philosophy have played important roles. Since the reconstruction of Joseph Schumpeter’s view of innovation as a driver of capitalist development and the subsequent formation of the national innovation systems (NIS) theory in the early 1990s that can be described as neo-Schumpeterian, there has been a continuous attempt to explain innovation in social-scientific terms. However, much of this has positioned innovation as a value-neutral process. We argue that such value-neutrality requires closer analysis because the neo-Schumpeterian thinkers do appear to acknowledge that capitalism itself is an uneven, dynamic process. The relationship between the vital dynamism of such analysis of technological change and the context of its description of power relations and value deserves further attention. Under what conditions can systemic interactions between institutions and actors function as universal frameworks? Can the theory of innovation be abstracted from its social and political bases? This paper aims to redefine innovation as a predominately political process that is both historical and contextual, and thus draw out its implications for economics and development. The paper suggests some preliminary steps toward a more critical approach to innovation scholarship.

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  • Theo Papaioannou & Smita Srinivas, 2019. "Innovation as a political process of development: are neo-Schumpeterians value neutral?," Innovation and Development, Taylor & Francis Journals, vol. 9(1), pages 141-158, January.
    • Handle: RePEc:taf:riadxx:v:9:y:2019:i:1:p:141-158
    DOI: 10.1080/2157930X.2018.1535872
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    Cited by:

    1. Theo Papaioannou, 2023. "What kind of innovation state matters for social justice? Learning from Poulantzas and going beyond," Review of Evolutionary Political Economy, Springer, vol. 4(2), pages 299-320, July.
    2. Smita Srinivas, 2023. "India and ‘European’ evolutionary political economy," Review of Evolutionary Political Economy, Springer, vol. 4(2), pages 415-443, July.
    3. Smita Srinivas, 2020. "Institutional variety and the future of economics," Review of Evolutionary Political Economy, Springer, vol. 1(1), pages 13-35, May.
    4. Iqbal, Qaisar & Piwowar-Sulej, Katarzyna, 2024. "Technological social responsibility: A stakeholder theory-based measurement scale," Technological Forecasting and Social Change, Elsevier, vol. 205(C).
    5. Theo Papaioannou, 2020. "Reflections on the entrepreneurial state, innovation and social justice," Review of Evolutionary Political Economy, Springer, vol. 1(2), pages 199-220, August.
    6. Smita Srinivas, 2023. "When is industry ‘sustainable’? The economics of institutional variety in a pandemic," Review of Evolutionary Political Economy, Springer, vol. 4(1), pages 75-107, April.
    7. Theo Papaioannou, 2021. "The Idea of Justice in Innovation: Applying Non-Ideal Political Theory to Address Questions of Sustainable Public Policy in Emerging Technologies," Sustainability, MDPI, vol. 13(5), pages 1-14, March.

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