Markets, morals and powers of innovation
Markets, morals and powers of innovation
Bibliographic Data
| ID | 2160454 |
|---|---|
| Authors | Mark Elam (0000-0002-4813-9584), K J Arrow |
| Year | 1993 |
| Volume | 22 |
| Issue | 1 |
| Pages | 1-41 |
| Publication date | 1993-02-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economy and Society (JOURNAL) |
| Journal identifiers | ISSN: 0308-5147 • E-ISSN: 1469-5766 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/03085149300000001 |
| OpenAlex | W1859436375 |
| Language | EN |
| Citations received | 5 |
| References cited | 33 |
Why is the technological performance of some industrial economies far superior to that of others? This is the question which underlies this paper and with which it seeks to engage. Two key constituents of innovative capacity are identified as effective supplies of information and skill. Within conventional economic theory the standard reason given for the under-supply of these two peculiar commodities is their shared vulnerability to the problem of ‘market failure’. In the course of the paper we strive to move significantly beyond this market failure position, as concisely stated by Kenneth Arrow, and explore at length the significant role played by politics and moral regulation in the securing of effective powers of innovation. In relation to this latter task, an opportunity arises to place Wolfgang Streeck's neo-industrial vision of Diversified Quality Production under critical scrutiny
Business · Economic system · Economics · Neoclassical economics · Economic and Social Issues · Economic Theory and Institutions · Political Economy and Marxism
Artificial Experts
Economics and Institutions
Collective invention
Why do firms do basic research (with their own money)?
Cooperation between rivals
The Lighthouse in Economics
Education and Sociology
Emile Durkheim, his life and work
Inside the Black Box
An Economic Theorist's Book of Tales
Comment on Ronald Dore, ‘Rigidities in the Labour Market’
Durkheim on Politics and the State
The Differentiation of Society
Negative and Positive Freedom
Economic theory and government technology policy
"The Market for "Lemons
Professional Ethics and Civic Morals
How institutions think
The Division of Labour in Society
Postfordism in question
New developments in manufacturing
The Powers of Association
The Passions and the Interests
Skills and the Limits of Neo-Liberalism
The Uncertainties of Management in the Management of Uncertainty
From Industrial Society to the Risk Society
The Social Control of Impersonal Trust
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,17 |
| Citation span | 1996 - 2015 (20) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |