The Dynamics of Encapsulation: Innovation, Annihilation, and Contradiction in Practice

Manuel Luz and Magda dos Santos Ribeiro

Journal of Economic Issues, 2022, vol. 56, issue 2, 554-561

Abstract: This article proposes an institutionalist analytical framework designed to understand the contradictory relationship between innovation and annihilation within modern capitalism. Following original institutional economics’ perspectives on technology, encapsulation, corporate hegemony, and the potential mismatch between institutions and social provisioning, we present an analytical framework devised to understand contemporary innovative and annihilative processes. In this sense, we selected two different phenomena to demonstrate our perspective. The first concerns the contradictory relationship between biotechnology, genetic engineering, and biodiversity. The second concerns the problematic relationship between heterodox and mainstream economics in the beginning of the twenty-first century.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/00213624.2022.2065445 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:56:y:2022:i:2:p:554-561

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJEI20

DOI: 10.1080/00213624.2022.2065445

Access Statistics for this article

More articles in Journal of Economic Issues from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().