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

Jerry Courvisanos

Journal of Post Keynesian Economics, 2005, vol. 28, issue 1, 83-102

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.

Date: 2005
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DOI: 10.1080/01603477.2005.11051468

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