Ethical Economy – serie

This volume explores the concept of the honest merchant, taking a broad perspective and covering a wide range of aspects. It looks at the different types of “honest merchant” conceptions originating from different cultures and literary traditions. The book covers Japanese, Islamic, Scandinavian, Russian, German, Spanish, as well as other aspects, and studies different disciplinary backgrounds of the honest merchant, such as philosophical, economic, neuroethical, sociological and literary ones.The concept of the honest merchant has a long tradition in business ethics. In the Hanseatic League and in medieval Italy, the ideal of the honest businessman was taught since the late Middle Ages. It originated during a time when travelling merchants were often regarded with a sceptical eye. The honest merchants of their time however held clear principles in their business and took responsibility for their community. In later times, the religious notions of the concept lost their pivotal place to reason and morality. This book goes beyond the tradition of discussing business ethics in association with concepts from the Hanseatic League and medieval Italy, and puts the central concept of business ethics in a much greater perspective.

This book proposes, from a civil perspective —such as that developed by Stefano Zamagni— and a cordial perspective —such as that developed by Adela Cortina—, orientations to design an economy in tune with what the historical moment demands. Among other things, this comes from encouraging institutions, organisations and companies to include in their designs aspects as important for carrying out their activities as cordial reciprocity, mutual recognition of the communicative and affective capacities of the linked or linkable parties, public commitment and the active participation of civil society.The book first shows the conceptualisation of the process of self-interest as operating for one’s own benefit and its inclusion in the orthodox economic model. In Chapter 2 it then displays some of the logical/formal and experimental limits of the axiomatic economics model to discover the possibility of building bridges between theoretical modelling and factual validation.  Chapter 3demonstrates the fragility of a rationality model based on the paradigmatic figure of homo oeconomicus.  Chapter 4 reflects on the critical process that has identified reciprocity as a determining factor for human cooperation, turning this behaviour into a paradox in which the lack of a reasonable explanation from the selfish perspective becomes inconsistent in the predominant economic theory. Chapter 5 is from a moral point of view it describes and criticises the different approaches to reciprocity observed by sociologists, biologists, psychologists and economists. Chapter 6 analyses three mutual recognition proposals as possible foundations for human cooperation, highlighting one of them –cordial recognition, developed by Cortina– because it is more closely related to studies of reciprocity, particularly the most recent contributions from the neurosciences. Chapter 7 proposes cordial reciprocity as a horizon of meaning for the various approaches to reciprocity observed.Chapter 8 explores the possible emergence and development of cordial goods, a type of relational and communicative good that enables joint actions to take place in different contexts of human activity. Chapter 9 analyses the application and implementation of cordial reciprocity at the macro, meso and micro levels of the economy. And finally, it proposes guidelines for designing a monitoring and compliance system which, based on the communication, storage and processing of big data and the committed participation of stakeholders, offers businesses the possibility of inspecting their underlying dimensions of morality, emotions and responsibility.

This wide-ranging book examines the new dynamics of corporate social responsibility (CSR) and the impact they have had on the transformation of business corporations. Written by an international group of distinguished experts in management and organization studies, economics and sociology, the book leads one to theoretically and practically rethink CSR, a movement that has developed into a strong and rich institutional domain since the mid 1990s. Through 14 chapters, the book shows the complexity, diversity and progression of the institutional work performed by a large number of individual and organizational actors in specialized networks to develop this strategic field. Central to this book are: the core issues associated with the field of CSR; recent advances in the development, dissemination and implementation of public and private standards of social responsibility; the pressing challenges of developing sustainable strategies of value creation in the face of global warming and underdevelopment; and finally, examples of how CSR has been implemented and institutionalized within business organizations with special attention to the role played by a variety of social actors in organizational change. Conceived as a movement, corporate social responsibility spearheads a transformation project challenging traditional and outmoded forms of corporate governance that frequently pose troublesome ethical issues. From this standpoint, Corporate Social Responsibility and Corporate Change will serve as a reference point for academics, researchers, managers and practitioners.

This collection examines how greed should be understood and appraised. Roundly condemned by virtually all religions, greed receives mixed appraisals in the domains of business and economics. The volume examines these mixed appraisals and how they fare in light of their implications for greed in our everyday world. Greed in children is uniformly criticized by parents, other adults, and even children’s peers. However, in adulthood, greed is commended by some as essential to profit-seeking in business and for offering the greatest promise in promoting economic prosperity for everyone.Those who advocate a more permissive position on greed in the adult world typically concede that some constraints on greed are needed. However, the supporting literature offers little analysis of what greed is (as distinct from, for example, the effort to meet modest needs, or the pursuit of ordinary self-interested ends).  It offers little clarification ofwhat sorts of constraints on greed are needed. Nor is careful attention given to difficulties children might have in making a transition without moral loss from regarding greed as inappropriate to its later qualified acceptance. Through a secular approach, this book attempts to make significant inroads in remedying these shortcomings.

This collection examines how greed should be understood and appraised. Roundly condemned by virtually all religions, greed receives mixed appraisals in the domains of business and economics. The volume examines these mixed appraisals and how they fare in light of their implications for greed in our everyday world. Greed in children is uniformly criticized by parents, other adults, and even children’s peers. However, in adulthood, greed is commended by some as essential to profit-seeking in business and for offering the greatest promise in promoting economic prosperity for everyone.Those who advocate a more permissive position on greed in the adult world typically concede that some constraints on greed are needed. However, the supporting literature offers little analysis of what greed is (as distinct from, for example, the effort to meet modest needs, or the pursuit of ordinary self-interested ends).  It offers little clarification ofwhat sorts of constraints on greed are needed. Nor is careful attention given to difficulties children might have in making a transition without moral loss from regarding greed as inappropriate to its later qualified acceptance. Through a secular approach, this book attempts to make significant inroads in remedying these shortcomings.

The edited volume New Economies for Sustainability: Limits and Potentials for Possible Futures brings together a range of alternative views on economy and organization to illustrate different perspectives on how to work towards more sustainable solutions to production, consumptions and economic organization more generally. The book brings chapters from the most renowned scholars in the field, who bring their perspectives on how alternative schools theorize politics, society, organization, nature and ethics in their attempts to develop theories with a strong focus on sustainability. The book aims to contribute with a platform for gathering and collecting these theories in a pluralist economic framework, which can provide a strong alternative voice to mainstream economic theories in sustainability debates.

The edited volume New Economies for Sustainability: Limits and Potentials for Possible Futures brings together a range of alternative views on economy and organization to illustrate different perspectives on how to work towards more sustainable solutions to production, consumptions and economic organization more generally. The book brings chapters from the most renowned scholars in the field, who bring their perspectives on how alternative schools theorize politics, society, organization, nature and ethics in their attempts to develop theories with a strong focus on sustainability. The book aims to contribute with a platform for gathering and collecting these theories in a pluralist economic framework, which can provide a strong alternative voice to mainstream economic theories in sustainability debates.

This book provides an innovative way to revisit the depth and scope of our moral/post-moral worldviews, while undertaking an ontic reflection about organizational life. The ontic dimension of life refers to existing entities’ lived experiences. It has nothing to do with psychological and relational processes. The ontic level of analysis mirrors a philosophical outlook on organizational life. Unlike moral worldviews, post-moral worldviews oppose the existence of Truth-itself. Post-moral worldviews rather imply that dialogical relationships allow people to express their own truth-claims and welcome others’ truth-claims. The purpose of this book is to explain the philosophical implications of moral and post-moral worldviews and the way to move from a moral to a post-moral worldview. Moreover, this book explores the possibility to transcend the moral/post-moral dualism, through moral deliberation processes and a reinterpretation of the Presence of the Infinite in all dimensions of human life. This book could eventually help to better grasp the basic philosophical challenges behind ethical reflection about organizational issues.

This book provides an innovative way to revisit the depth and scope of our moral/post-moral worldviews, while undertaking an ontic reflection about organizational life. The ontic dimension of life refers to existing entities’ lived experiences. It has nothing to do with psychological and relational processes. The ontic level of analysis mirrors a philosophical outlook on organizational life. Unlike moral worldviews, post-moral worldviews oppose the existence of Truth-itself. Post-moral worldviews rather imply that dialogical relationships allow people to express their own truth-claims and welcome others’ truth-claims. The purpose of this book is to explain the philosophical implications of moral and post-moral worldviews and the way to move from a moral to a post-moral worldview. Moreover, this book explores the possibility to transcend the moral/post-moral dualism, through moral deliberation processes and a reinterpretation of the Presence of the Infinite in all dimensions of human life. This book could eventually help to better grasp the basic philosophical challenges behind ethical reflection about organizational issues.

This open access book offers a multidisciplinary dialogue on relational anthropology in contemporary economics. A particular view of the human being is often assumed in economic models, but seldom acknowledged let alone explicated. Addressing this neglected area of research in economic studies, altogether the contributors touch upon the importance and potential of virtues, the notions of freedom and self-love, the potential of simulation models, the dialectics of love, and questions of methodology in constructing a relational anthropology for contemporary economics. The overall result is a highly informative and constructive dialogue, establishing inter alia a research agenda for future collaborative and multidisciplinary study.

This open access book offers a multidisciplinary dialogue on relational anthropology in contemporary economics. A particular view of the human being is often assumed in economic models, but seldom acknowledged let alone explicated. Addressing this neglected area of research in economic studies, altogether the contributors touch upon the importance and potential of virtues, the notions of freedom and self-love, the potential of simulation models, the dialectics of love, and questions of methodology in constructing a relational anthropology for contemporary economics. The overall result is a highly informative and constructive dialogue, establishing inter alia a research agenda for future collaborative and multidisciplinary study.

This book deals with the basic question of what money can and cannot buy and offers an analysis of the limitations of the market mechanism. Few concepts are as controversial as religion and the market mechanism. Some consider religion to be in conflict with a modern rational scientific view of life, and thus as a contributory cause of harsh conflicts and a barrier to human happiness. Others consider religious beliefs as the foundation for ethics and decent behaviour. Similar, a number of neoliberal writers acclaimed the market mechanism as one of the greatest triumphs of the human mind, and saw it as the main reason why rich countries became rich. Others are extremely skeptical and stress how this mechanism has result in big multinational firms with powerfully rich owners and masses of poor low-paid workers. Researchers from various fields - economists, social scientists, theologians and philosophers - handle these questions very differently, applying different methods and differentideals. This book offers a synthesis of the different viewpoints. It deals with economists’, theologians’ and philosophers’ differing thoughts about the market and its limitations.

This book deals with the basic question of what money can and cannot buy and offers an analysis of the limitations of the market mechanism. Few concepts are as controversial as religion and the market mechanism. Some consider religion to be in conflict with a modern rational scientific view of life, and thus as a contributory cause of harsh conflicts and a barrier to human happiness. Others consider religious beliefs as the foundation for ethics and decent behaviour. Similar, a number of neoliberal writers acclaimed the market mechanism as one of the greatest triumphs of the human mind, and saw it as the main reason why rich countries became rich. Others are extremely skeptical and stress how this mechanism has result in big multinational firms with powerfully rich owners and masses of poor low-paid workers. Researchers from various fields - economists, social scientists, theologians and philosophers - handle these questions very differently, applying different methods and differentideals. This book offers a synthesis of the different viewpoints. It deals with economists’, theologians’ and philosophers’ differing thoughts about the market and its limitations.

This book provides a constructive criticism of the emerging practice of conscious capitalism from the perspective of world religions and spiritualities. Conscious capitalism, to many of its adherents, represents an evolutionary step forward beyond the dominant neo-liberal paradigm, where it often appears that just about everything is for sale. Is conscious capitalism consistent with the values inherent in religious and spiritual world-views and does it provide a better fit for bringing out the best that business has to offer? This book answers these questions and many more. An appealing read for researchers in business ethics as well as any reader critical of the excrescences of capitalism.

This book provides a constructive criticism of the emerging practice of conscious capitalism from the perspective of world religions and spiritualities. Conscious capitalism, to many of its adherents, represents an evolutionary step forward beyond the dominant neo-liberal paradigm, where it often appears that just about everything is for sale. Is conscious capitalism consistent with the values inherent in religious and spiritual world-views and does it provide a better fit for bringing out the best that business has to offer? This book answers these questions and many more. An appealing read for researchers in business ethics as well as any reader critical of the excrescences of capitalism.

This book discusses reliability and other related issues, such as reporting and decision-making, pertinent to sustainability and corporate responsibility reporting practices. Investors, governments, and NGOs expect businesses to report their environmental and social performance. This information is used to legislate, regulate industries, and guide the investment of billions of dollars through pensions and mutual funds. But can we trust these measurements? In order to answer this question, the editors and contributors, all academic thought leaders from a variety of fields, offer a set of reflections on problems that various stakeholders might be exposed to. These problems are mainly due to a lack of standardized reporting practices and guidelines, and inconsistencies in measurements used for the valuation of corporate sustainability performance indicators. This book is of great interest to students, scholars, and stakeholders to help comprehend the importance of accounting on sustainability practices for decision-making and measures therein, but also the reliability risks involved in these measurements. Thus, it moves away from simply pushing for more sustainability reporting towards a more critical discussion of measurement issues and potential consequences of the aforementioned problems to different fields such as finance, marketing, or strategy.

This book discusses reliability and other related issues, such as reporting and decision-making, pertinent to sustainability and corporate responsibility reporting practices. Investors, governments, and NGOs expect businesses to report their environmental and social performance. This information is used to legislate, regulate industries, and guide the investment of billions of dollars through pensions and mutual funds. But can we trust these measurements? In order to answer this question, the editors and contributors, all academic thought leaders from a variety of fields, offer a set of reflections on problems that various stakeholders might be exposed to. These problems are mainly due to a lack of standardized reporting practices and guidelines, and inconsistencies in measurements used for the valuation of corporate sustainability performance indicators. This book is of great interest to students, scholars, and stakeholders to help comprehend the importance of accounting on sustainability practices for decision-making and measures therein, but also the reliability risks involved in these measurements. Thus, it moves away from simply pushing for more sustainability reporting towards a more critical discussion of measurement issues and potential consequences of the aforementioned problems to different fields such as finance, marketing, or strategy.

This book is the first of its kind to offer a new definition of contemporary management. It uses Michel Henry’s philosophy and takes the real, sensitive and pathetic subjectivity of individuals as the starting point of the analysis as opposed to the usual large categories of representations; resources; images; and discourses. This book thus proposes to rethink management by insisting on the dialectic of strength and vulnerability; its power of constraint, imitation and imagination; and finally its framework of action situated in a fourfold concern for the self, for people, for institutions and for the environment. These different notions are useful in order to experience a deeper understanding of management that is free from the obsolescence of the distant recommendations of ancient protomanagement and the outdated and dubious prescriptions of the so-called “scientific management”.

This book is the first of its kind to offer a new definition of contemporary management. It uses Michel Henry’s philosophy and takes the real, sensitive and pathetic subjectivity of individuals as the starting point of the analysis as opposed to the usual large categories of representations; resources; images; and discourses. This book thus proposes to rethink management by insisting on the dialectic of strength and vulnerability; its power of constraint, imitation and imagination; and finally its framework of action situated in a fourfold concern for the self, for people, for institutions and for the environment. These different notions are useful in order to experience a deeper understanding of management that is free from the obsolescence of the distant recommendations of ancient protomanagement and the outdated and dubious prescriptions of the so-called “scientific management”.

The book brings together perspectives on entrepreneurship research, education and practice to understand social entrepreneurship in its wider societal, political and economic context. Its unique contribution comes from its interdisciplinary approach that spans from the societal to the organizational level, with specific focus social innovation and management. It views management of social entrepreneurship and social enterprise in light of its societal context and employs social innovation to critically assess social entrepreneurship as driver of change. The emergence of social entrepreneurship as an academic field is linked to several societal trends such as public austerity, financial crises, new social challenges and a growing counter-movement to globalised capitalism. Generally seen as organisations serving both social and economic objectives, social enterprises, social innovation and social entrepreneurship have their roots in civil society, civic activism or the solidarityeconomy, but also manifest themselves as for-profit companies, with new organisational forms emerging and old ones changing. The contributions in this book elucidate these developments and the role of social entrepreneurs and social enterprises. Furthermore, the book offers great insight into the specific ways of managing, leading and creating innovation in social enterprises as well as perspectives on how to understand their social impact or value creation.

The book brings together perspectives on entrepreneurship research, education and practice to understand social entrepreneurship in its wider societal, political and economic context. Its unique contribution comes from its interdisciplinary approach that spans from the societal to the organizational level, with specific focus social innovation and management. It views management of social entrepreneurship and social enterprise in light of its societal context and employs social innovation to critically assess social entrepreneurship as driver of change. The emergence of social entrepreneurship as an academic field is linked to several societal trends such as public austerity, financial crises, new social challenges and a growing counter-movement to globalised capitalism. Generally seen as organisations serving both social and economic objectives, social enterprises, social innovation and social entrepreneurship have their roots in civil society, civic activism or the solidarityeconomy, but also manifest themselves as for-profit companies, with new organisational forms emerging and old ones changing. The contributions in this book elucidate these developments and the role of social entrepreneurs and social enterprises. Furthermore, the book offers great insight into the specific ways of managing, leading and creating innovation in social enterprises as well as perspectives on how to understand their social impact or value creation.

This book offers a unique, critical exploration of concepts and practices of social sustainability through both a critical concept analysis as well as empirical studies of practices that undermine social sustainability. It addresses the questions: What is the main role of social relations and social practice in the transition from fundamentally unsustainable societies and local practices towards a sustainable future? And how does economical sustainability reduce or enhance social sustainability? The chapters in this work define and understand social sustainability in relation to principles such as solidarity, community, welfare, reciprocity, and regenerative co-existence. These principles are analyzed through the lens of emotions, respect, carefulness, sensitivity, and art, to establish counter-principles and narratives to principles like growth, efficiency, capitalism, and mastery of nature. Such counter-narratives to mainstream understandings and histories of economy aid in shedding light on a variety of different aspects of sustainability. The book presents a methodological plurality including conceptual and empirical approaches, praxis-oriented and inductive approaches. The chapters present interdisciplinary approaches concerning welfare, ecology, sociology, organization and economy, social psychology and aesthetics and therefore appeal to a broad audience of scholars and academics.

This book offers a unique, critical exploration of concepts and practices of social sustainability through both a critical concept analysis as well as empirical studies of practices that undermine social sustainability. It addresses the questions: What is the main role of social relations and social practice in the transition from fundamentally unsustainable societies and local practices towards a sustainable future? And how does economical sustainability reduce or enhance social sustainability? The chapters in this work define and understand social sustainability in relation to principles such as solidarity, community, welfare, reciprocity, and regenerative co-existence. These principles are analyzed through the lens of emotions, respect, carefulness, sensitivity, and art, to establish counter-principles and narratives to principles like growth, efficiency, capitalism, and mastery of nature. Such counter-narratives to mainstream understandings and histories of economy aid in shedding light on a variety of different aspects of sustainability. The book presents a methodological plurality including conceptual and empirical approaches, praxis-oriented and inductive approaches. The chapters present interdisciplinary approaches concerning welfare, ecology, sociology, organization and economy, social psychology and aesthetics and therefore appeal to a broad audience of scholars and academics.

This book explores emerging justifications of capitalism based on the views of academics from around the world in business. The traditional justification for capitalism has been that it is the one system that produces the most wealth with the least cost for the most people. While this justification no longer has the taken-for-granted status it once enjoyed, it remains the dominant and mainstream argument in favor of capitalism, especially in the United States. Despite capitalism’s production of human wealth, it is implicated by trends such as income and wealth inequalities, climate change caused by the burning of fossil fuels and racism, sexism and other forms of discrimination. This volume asserts that in this age of complexity, inequality, and ecological instability, capitalism’s future depends on our ability to broaden the justifications for it to include a much more elaborate list of values beyond wealth and efficiency. It does so without claiming tologically or empirically prove that capitalism is the best of all possible economic systems, but rather to explore a new and hopeful future for the system; Next stage capitalism. Written by an international group of scholars from various disciplines, this book is of great interest to those who work in philosophy, sociology, political science, history and theology and religious studies.

This book explores emerging justifications of capitalism based on the views of academics from around the world in business. The traditional justification for capitalism has been that it is the one system that produces the most wealth with the least cost for the most people. While this justification no longer has the taken-for-granted status it once enjoyed, it remains the dominant and mainstream argument in favor of capitalism, especially in the United States. Despite capitalism’s production of human wealth, it is implicated by trends such as income and wealth inequalities, climate change caused by the burning of fossil fuels and racism, sexism and other forms of discrimination. This volume asserts that in this age of complexity, inequality, and ecological instability, capitalism’s future depends on our ability to broaden the justifications for it to include a much more elaborate list of values beyond wealth and efficiency. It does so without claiming tologically or empirically prove that capitalism is the best of all possible economic systems, but rather to explore a new and hopeful future for the system; Next stage capitalism. Written by an international group of scholars from various disciplines, this book is of great interest to those who work in philosophy, sociology, political science, history and theology and religious studies.

This book improves the alignment of economics with the idea of justice, the first virtue of any social institution, according to Rawls. To this aim, it provides the analytical framework necessary to ensure a just economy. While today’s notion of economics favours the economics of extortion, this book proposes a model that transcends Lionel Robbins’ canonical relationship between ends and means, as it proposes a broader notion of rationality incorporating the range of human attributes. In contrast to Robbins' economic rationality, economic choices must be based on adequate and good reasons, as Rescher claims, because both the means and the ends require rational deliberation. As a result, the book challenges Robbins’ hope of turning general concepts like scarcity, costs, etc. into universal economic principles guiding human behavior in a vacuum. It disputes the idea that, through the application of the abstract formulation of economic statements unconnected to reality, economics can be rationalized in a morally neutral space, based on empty rationality. By contrasting the three rival versions of economics —formalism (axiomatic), empiricism (technocratic-consequential), and institutionalism (axio-ideological)— the book shows that it is not possible to switch between them as they refer to segmented mental universes of abstraction.

This volume offers a cross-disciplinary exploration of Alasdair MacIntyre's provocative approach to governance, drawing on insights from philosophy, economics, sociology, business ethics, and organizational studies. The chapters explore how MacIntyre’s theory is applied to diverse institutional contexts, including education, medicine, and technology, addressing contemporary challenges in governance and ethical decision-making.Bringing together well-known scholars from the 16th Annual Conference of the International Society for MacIntyrean Enquiry (ISME) at the University of Navarra, this book critically examines the role of governing institutions in shaping practices and traditions. It highlights MacIntyre’s distinction between practices and institutions, addressing how these concepts influence ethical governance, leadership, and community-building in today's complex societal landscapes.Contributors explore key themes such as the development of virtues within institutions, the ethical challenges of artificial intelligence, the moral foundations of education, and the governance of professions like medicine and land management. This volume also engages with contemporary issues, offering practical insights for fostering ethical decision-making and community participation in an increasingly technocratic world.MacIntyre and the Practice of Governing Institutions is an essential resource for scholars of political philosophy, ethics, and governance, as well as for practitioners looking to navigate the ethical challenges posed by modern institutions. By examining how MacIntyre's thought applies to real-world issues, this book provides both theoretical depth and practical strategies for promoting human flourishing through virtuous governance.

This book provides a description and analysis of how the concept of business ethics has been received, adopted, adapted and developed in different countries in Europe. While a substantial Europe-wide dialogue about business ethics research and education has taken place since about 1990, especially as a result of the establishment of the European Business Ethics Network, implementation has varied by country, because Europe is a patchwork of cultures, value systems, political ideologies, intellectual traditions and business systems at different stages of development. Each country, particularly the former communist states, presents its own unique challenges. Yet there are also issues that are common to all or most countries, even if the ways they have been manifested and responded to have differed, depending on the countries’ institutional frameworks and traditions. This book explores the rich variety in business ethics research and education across a diverse range of European countries. Each chapter presents the expert view of individual business ethics scholars in the respective countries. Their perspectives and recollections are those of reflective professionals, and therefore unique, insightful, and bearing the mark of a deep conviction and personal engagement. This is the story of European business ethics told from within, which will be of great value to all business ethics scholars wishing to understand the development of their field.

This book contributes to contemporary debates on innovation by taking a philosophical approach to interpreting the development of key concepts in the neo-Schumpeterian tradition of innovation studies undergirding current innovation policy frameworks concerned with sustainable transformations. Interpreting the concepts “directionality,” “national systems of innovation” and “mission-oriented innovation” in a historical light, this book aims to contribute to the clarification of their meaning as belonging to a tradition of economic and social thought which has its roots in various debates on political economy since the early modern period. Specifically, the book explores how leading neo-Schumpeterian scholar Christopher Freeman synthesized the ideas of Friedrich List and Joseph Schumpeter in order to challenge what he saw as the neoclassical orthodoxy of his day, and to what extent this synthesis might anticipate present day directional policies for transformative change. Written from a post-metaphysical philosophical perspective, and engaging with core concepts in innovation studies and innovation policy, this work is of great interest to a broad readership within both fields.