The social imagination needed for an innovation-led recovery

Daniele Archibugi

Research Policy, 2017, vol. 46, issue 3, 554-556

Abstract: In response to critical comments by Bengt-Åke Lundvall and Edward Steinmueller, I argue that we need to understand why the economic crisis has been so long, so deep and so wide. Even though it originated in the financial sector, a recovery has not yet materialised because existing and potential technological opportunities have not been exploited. An innovation-based recovery will need to take advantage of these opportunities and will also require a favourable institutional environment. Pro-active public intervention in science and technology will additionally be required, combined with new social imagination.

Keywords: Schumpeterian economics; Base and super-structure; Social innovation; Technological opportunities (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:46:y:2017:i:3:p:554-556

DOI: 10.1016/j.respol.2016.09.018

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