The knowledge economy and innovation: certain uncertainty and the risk economy

Bullen, Elizabeth, Fahey, Johannah and Kenway, Jane 2006, The knowledge economy and innovation: certain uncertainty and the risk economy, Discourse: studies in the cultural politics of education, vol. 27, no. 1, pp. 53-68.

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Title The knowledge economy and innovation: certain uncertainty and the risk economy
Author(s) Bullen, Elizabeth
Fahey, Johannah
Kenway, Jane
Journal name Discourse: studies in the cultural politics of education
Volume number 27
Issue number 1
Start page 53
End page 68
Publisher Routledge
Place of publication London, England
Publication date 2006-03
ISSN 0159-6306
1469-3739
Keyword(s) education policy & politics
Summary The knowledge economy is a dominant force in today's world, and innovation policy and national systems of innovation are central to it. In this article, we draw on different sociological and economic theories of risk to engage critically with innovation policy and national systems of innovation. Beck's understanding of a risk society, Schumpeter's innovation thesis, and Perez's techno-economic paradigm are used to consider the risk economy, and the broader risk implications of knowledge economy policies and their associated innovation systems. Derrida's theory of haunting provides the methodological framework for our discussion. We use his notion of “hauntology” to conceptualize the risk economy as a ghost that haunts knowledge economy policies and systems. The spectral risk economy draws attention to the inherent instability of the knowledge economy, and challenges the certainty of its economic dogma by offering an alternative perspective. The risk economy problematizes knowledge economy policies and systems by revealing the uncertain and “undecidable” future of social, political and cultural hazards ignored in the interest of commercial gain.
Language eng
Field of Research 160809 Sociology of Education
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2006, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30003662

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