Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5104009 | Research Policy | 2017 | 6 Pages |
Abstract
Daniele Archibugi asks whether the 2007-8 financial and economic crisis was brought about by the exhaustion of the current techno-economic paradigm, and whether a new paradigm will lead to eventual recovery. My answer to both questions is 'No'. Whilst it is useful to think in terms of techno-economic paradigms to understand the uneven process of technological and social advancement, the main reason for the crisis and the main requirement for a new upswing are both socio-political rather than technological in nature. There is a link between the neoliberal deregulation regime that led to the crisis and ICTs. This regime might actually slow down the formation of a new techno-economic paradigm based around Blade Runner technologies such as genetic engineering, artificial intelligence and nanotechnology.
Related Topics
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Business and International Management
Authors
Bengt-Ã
ke Lundvall,