Scientific journal NRU ITMO
Series "Economics and Environmental Management"
Registration certificate ЭЛ № ФС 77 – 55411 от 17.09.2013
registered by the Federal Inspectorate Service for Communication, Information Technologies and Communication Media
ISSN:2310-1172

March 2018 (published: 28.03.2018)

Number 1(32)

Home > Issue > Innovation as the core of capitalist development

UDC 330.101

Innovation as the core of capitalist development

Panzabekova A.Zh. , Nyurlykhyna G.B.

In this article, the authors consider the fundamental theoretical aspects of the influence of innovations on the economic development of capitalist society. In addition, certain provisions of alternative theories of capitalist development are considered. The main hypothesis of the article is the assertion about the primacy of innovations in the development of capitalist society. As research methods used: scientific analysis and synthesis, induction and deduction, the method of historical and logical unity. The authors analyze various approaches to innovation in economic activity in the context of the historical development of the discourse around innovation. A short introduction to the history of innovation is given. The main features of innovative activity under the capitalist social system, the role in the process of economic development and long-term economic cycles are considered. The concept of creative destruction and his role in changing the cycles of economic development are considered. The basic paradigms of applying modern innovative approaches are presented. The review of the basic theories connected with a social component of innovations is given. The authors consider the theory of the creative class as a source of ideas for innovation. The main types of economic innovations, the current situation in the world and the tendencies of dialogue around innovations in the context of economic development are analyzed. Discussions are made about the existing policy related to innovative economic development. The issues of distribution of opportunities for innovative development in different countries are being studied. In conclusion, the idea is that innovation is a kind of modern information competition aimed at maximizing profits with a side effect in the form of qualitative changes. The results of the article can be used for further theoretical study of issues related to the information economy and potential methods of searching for new ways of economic development.
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Keywords: innovative development, creative economy, innovations in capitalism, creative class, capitalist development, commercialization of ideas, alternative capitalism.

DOI 10.17586/2310-1172-2018-11-1-89-97

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