Academic journal article Asian Social Science

The Socio-Economic Foundations of the Development of Contemporary Economic Innovations

Academic journal article Asian Social Science

The Socio-Economic Foundations of the Development of Contemporary Economic Innovations

Article excerpt


The article presents the key foundations to study contemporary economic innovations. The essence of these innovations is considered, as well as the interdisciplinary approach to their research under the conditions of informational support of the economic activity and the rapid development of the knowledge economy. Author describes the economic innovations phenomenology, where the basic role is played by human capital, integrating the corresponding system of knowledge and capabilities of the economic agent. A humanistic approach is developed to consider intellectual capital, where the need to create a system of economic thinking and the appropriate forms of discourse are highlighted.

Keywords: economic innovation, the phenomenology of innovation, human and intellectual capital, systems thinking, economic behavior, an interdisciplinary research method, creative senses, and intellectual property

1. Introduction

Currently, the undisputed fact is that economic innovations, emerging in various sectors of economic activity, not always find their application even in the fastest growing enterprises and organizations. It becomes clear that in the state's innovation policy there are obvious omissions and shortcomings, as well as recurring dysfunctions in company innovation management sphere, associated not only with the problems of financing and bureaucratic barriers in the promotion of appropriate investments. The problem is not even caused by the fact that economic innovations are not claimed by the economic entities of different levels; just conversely, most domestic enterprises still seek to acquire innovative equipment from foreign manufacturers. But at the same time, many domestic manufacturers of various products have no need to strive for continuous updating of their productive capacity, and are in no hurry to invest in venture capital projects, in the production of new knowledge and technologies.

Product innovation is a function of innovation knowledge and skills to use this knowledge productively; thought his very innovative knowledge is a function of creative meanings, defined by intrinsic powers of a human, the world of his values and mental constructs, motivations and vital aims (Luneva, 2011).

As is shown by the international entrepreneurial business experience and analysis of domestic economy restructuring, the major problem of innovations impromptness of Russian entrepreneurs and other business entities is the lack of innovation and entrepreneurial spirit, purposeful, rational, creative and conceptual motivation of economic agents towards free and sustained economic creativity. In fact, it is not about the utilitarian "spirit of capitalism" in the sense, in which it was examined by M. Weber in his well-known work (Weber, 1990), though rather about the ontology of economic innovations, as such, in their existential qualitatively defined sense. Here the economic innovations are seen as specific objectification of human creative thinking, as well as relevant creative senses and adequate mental models, which take place at any stage of the development of economic civilization. This means that the issue on creation and reproduction of innovation involves, as a minimum, drastic overcoming of the "subject-money instrumentalism" and formation of a new, genetically-structural functional approach to the study of contemporary innovation activity, as such, where commercial innovations acquire appropriate human dimension. Thus, the goal of this article is to find and describe the research conception, in which the reproduction of innovations and their practical application appears as axiology, intention, conceptualized motivation and praxiology of human activity.

2. Methodology

Innovation as a civilizational phenomenon, that is, as an element of human culture in the broadest sense, is the ideal (new knowledge) or substantial (new material product or service) task-oriented, and sometimes random, subjectified or objectified result primarily of a human creative thinking. …

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