Innovation, Evolution And Economic Change

John Kenneth Galbraith was an eminent economist and proponent of change. The contributors to the book further his analysis on the evolution of capitalism; taking into account changes to the general economic climate since the publication of J.K. Galbraith’s main thesis, they outline new ideas which form fertile ground for new research.

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.

Innovation, Evolution and Economic Change will appeal to a wide readership and audience of economists, policy makers and political organization.

Contents:

Foreword
John Kenneth Galbraith

Introduction

PART I: CHANGING CAPITALISM: SHAREHOLDERS VERSUS MANAGERS
1. Professionals’ Capitalism and Democracy
Luiz Carlos Bresser-Pereira

2. From One Managerial Capitalism. . . to Another
Pascal Petit

3. The End of Capitalism. J.K. Galbraith versus K. Marx and J.A. Schumpeter
Sophie Boutillier

4. The Power of Large Companies
Marlyse Pouchol

5. Is Capitalism Still Galbraithian?
Guy Claire

PART II: GLOBALIZED TECHNOSTRUCTURES: TOWARDS A THEORY OF THE CORRUPT CORPORATION
6. Galbraith’s Views on Firm and Market: Between Neo-Institutionalism and Evolutionism
Bernadette Madeuf

7. Global R&D Networks and ICT: What Impacts on Firms?
Denis Carré, Gilliane Lefebvre, Bernadette Madeuf and Christian Milelli

8. Large Corporations and Technostructures in Competition
Blandine Laperche

9. The Corrupt Corporation: A Galbraith-Inspired Analysis
Michael Dietrich and Abhijit Sharma

10. The Global Restructuring of Capitalism: New Technologies and Intellectual Property
George Liodakis

PART III: CHARTING THE FUTURE: INNOVATION, STATE POWER AND THE MARKET SYSTEM
11. Galbraith and the Political Economy of Technological Innovation: Critical Perspectives and a Heterodox Synthesis
Jerry Courvisanos

12. Knowledge and Innovation: Power and Counterpower
Andrée Kartchevsky and Muriel Maillefert

13. Science and Governance in the National Systems of Innovation Approach
Victor Pelaez

14. Privatization and the Management of Intellectual Property Rights: The Case of the British Defence Research Establishments
Jordi Molas-Gallart and Puay Tang

15. Galbraith and Institutionalist Analysis: An Assessment Based on the US Military–Industrial System Transformations in the 1990s
Luc Mampaey and Claude Serfati

16. What Has Happened to the Public Sector? Marketization and Financial Logic
Blandine Laperche and Dimitri Uzunidis

Index