Conference Proceedings

The knowledge economy and innovation: Certain uncertainty and the risk economy

E Bullen, J Fahey, J Kenway

Discourse | Published : 2006


The knowledge economy is a dominant force in today's world, and innovation policy and national systems of innovation are central to it. In this article, we draw on different sociological and economic theories of risk to engage critically with innovation policy and national systems of innovation. Beck's understanding of a risk society, Schumpeter's innovation thesis, and Perez's techno-economic paradigm are used to consider the risk economy, and the broader risk implications of knowledge economy policies and their associated innovation systems. Derrida's theory of haunting provides the methodological framework for our discussion. We use his notion of "hauntology" to conceptualize the risk eco..

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