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Grassroots innovations in the informal economy

Insights from value theory

Bibliographic Data

ID21695046
AuthorsFayaz Ahmad Sheikh (0000-0002-2671-5800, Zhejiang University), Saradindu Bhaduri (0000-0003-0709-6773, Jawaharlal Nehru University, corresponding author)
Year2020
Volume48
Issue1
Pages85-99
Publication date2020-01-02
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueOxford Development Studies (JOURNAL)
Journal identifiersISSN: 1360-0818 • E-ISSN: 1469-9966
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/13600818.2020.1717453
OpenAlexW3002249397
LanguageEN
Citations received10
References cited27

The scholarship on innovation hitherto has prioritized exchange value, scalability and large scale commercialization, overlooking the other significant human centric values discussed in 'value theory'. Consequently, innovations in the informal economy are often undermined due to their inability to generate exchange values. This paper identifies and examines the suitability of the nuanced set of values discussed in value theory for informal sector grassroots innovations. Based on ten years of ethnographic research in different parts of Jammu and Kashmir in India, we find that these innovations generate a diverse set of values, ranging from use value to socially embedded reciprocal exchange value to different forms of relational and non-relational intrinsic values. At a juncture when strengthening alternative innovation approaches occupies a priority, these findings have important bearing on innovation policy scholarship

Business · Commercialization · Economic growth · Economic system · Economics · Grassroots · Political science · Positive economics · Scholarship · Social exchange theory · Social science · Sociology · Economic and Technological Innovation · Innovation and Socioeconomic Development · Social and Economic Development in India · Marketing

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Unique citing works10
Citations per year2
Citation span2021 - 2025 (5)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 10

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