Innovation in Capitalist Economies

Faruk Ülgen is a Professor of Economics, Head of International Relations and Bachelor Distance Learning Programs within the Department of Economics at the Université Grenoble Alpes, France. He also serves as Codirector of the Center of Research in Economics of Grenoble (CREG). His current research focuses on the evolution of financial markets and innovations and the evolution of financial regulation and supervision from an institutionalist-evolutionary perspective, drawing on collective action and the economics of the commons.Lyubov Klapkiv, PhD, is Assistant Professor at the University Maria Curie-Skłodowska in Lublin (Institute of Economics and Finance) and Visiting Professor at the University Grenoble Alpes (2022-2024). She received her PhD degree in Finance from the Kyiv National University of Trade and Economics, Ukraine. She is a graduate of the Line Kirkland Scholarship program 2015/2016. Her main research fields include the economics of insurance, sustainable finance, and financial innovations.

• Introduction. What is innovation in economics in the 21st century? PART I. TECHNOLOGICAL, ORGANIZATIONAL AND FINANCIAL DETERMINANTS OF INNOVATIONS 1. Creative destruction. The driver for innovation, financing and the business cycle 2. The strengths of worker cooperatives in innovation processes: a way to find the ‘truth’ of the firm 3. Promoting SME innovation in the Western Balkans 4. Exploring firm environmental performance through creative communities: a capabilities-based perspective 5. Mechanisms of implementation of innovation in modern business management ‒ selected issues PART II. INNOVATIONS AND MODERN FINANCE: CURRENT ISSUES 6. Green bonds as a financial driver for the transition towards a climate-neutral economy in Europe 7. Managing war-related risks in international trade: innovative insurance products 8. Technological innovation as a basis for a paradigm shift in insurance the search for new sharing economy effects 9. Fintech market development trends during pandemic Covid-19 10. Monetary finance as an innovative way to fund public investment: an appraisal 11. Innovative insurance market’s products for a sustainable economy: the example of waste management in the European Union Index