This paper argues that the traditional societal contract that underlies the market economy has run its course and needs to be replaced by a new contract, based on a new conception of the "empowering economy." Whereas different societal contracts are relevant to different societies, there must be...

We develop a composite indicator measuring the performance of national innovation systems. The indicator takes into account both hard factors that are quantifiable (such as R&D spending, number of patents) and soft factors like the assessment of preconditions for innovation by managers. We apply...

Given the economic, societal and environmental relevance of innovation, this paper contrasts various models of innovation, compares how innovation is understood in mainstream economics and evolutionary economics of innovation and juxtaposes the concomitant policy rationales. By discussing two...

This paper reviews various approaches to measuring business innovation from the angle of capturing social innovations and offers several methodological and policy conclusions. First, the Innovation Union Scoreboard (IUS) indicators in principle could be useful in settings where the dominant mode...

This paper compares the evolution of CE4 countries’ (Czechia, Hungary, Poland, and Slovakia) national innovation systems, as well as their innovation performance. Its analytical framework draws on evolutionary (and institutional) economics of innovation. Given the structural features and the...