In the 1970s, the large size of enterprises was one of the symbols of the mass production system’s rigidity. The second symbol was state interventionism-blamed for the economic difficulties of the period: growing unemployment and upsurge of inflation. Globalisation is characterised by the predominance of deregulated finance ("big finance") over economic activities. Between free enterprise capitalism and monopoly capitalism stands finance-based capitalism. The financial sphere is mobilised to promote variety and reinforce selection.This book presents in its first part the financial determinants of innovation processes considered in a macro-economic perspective, which are limited by short-term constraints and studies in its second part the linkages existing between the necessity to innovate in order to survive and the constant attention given to financial results.
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BLANDINE LAPERCHE is Professor (maître de conferences, habilitée à diriger des recherches) of Economics and Vice Director of the Research Unit on Industry and Innovation, France. She is responsible for the forum, The Spirit of Innovation. She specializes in the economics of innovation. She has recently published (with Dimitri Uzunidis) John Kenneth Galbraith and the Future in Economics, and (with Dimitri Uzunidis and James Galbraith) Innovation, Evolution and Economic Change.
DIMITRI UZUNIDIS is Professor of Economics and Director of the Research Unit on Industry and Innovation, France. He is editor of the review Innovations. He has provided expertise to several international organizations and specializes in industrial economics.
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