Why the great surges of developments are different: a coupling analysis of the socio-political paradigm and the techno-economic paradigm

Purpose – The “problem-ridden present” is indubitably related to the prevalence of neoliberalism, but it is also when the fifth technological revolution took place. In this special time, what should be done to achieve the coupling of Socio-political Paradigmand Technoeconomic Paradigm through the ad...

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Main Authors: Hutao Yang, Mingxuan Yang
Format: Article
Language:English
Published: Emerald Publishing 2024-11-01
Series:China Political Economy
Subjects:
Online Access:https://www.emerald.com/insight/content/doi/10.1108/CPE-06-2024-038/full/pdf
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author Hutao Yang
Mingxuan Yang
author_facet Hutao Yang
Mingxuan Yang
author_sort Hutao Yang
collection DOAJ
description Purpose – The “problem-ridden present” is indubitably related to the prevalence of neoliberalism, but it is also when the fifth technological revolution took place. In this special time, what should be done to achieve the coupling of Socio-political Paradigmand Technoeconomic Paradigm through the adaptive transformation of socio-political paradigm to avoid the resurfacing of the “problem-ridden present”? Design/methodology/approach – The obvious difference between the efficacy of the fifth technological revolution and the previous four indicates that the Techno-economic Paradigm of Neo-Schumpeterian school is not sufficient enough to explain the institutional obstacles. No matter institutional or technological, any single perspective would not be adequate to explain the fundamental cause of the “problem-ridden present”. Findings – From a historical materialism standpoint, the structure and progress of the techno-economic paradigm are inevitably influenced by the socio-political paradigm, and only when the techno-economic paradigm and the socio-political paradigm are coupled, the potential of the wave of technological revolution can be “shared release.” Originality/value – The coupling analysis of the Socio-political Paradigm and the Technoeconomic Paradigm is of great enlightening value to the understanding of the economic development in the Digital Economy era.
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spelling doaj-art-3e38ff1abcbc42a8b714c058b5a213902025-08-20T02:51:14ZengEmerald PublishingChina Political Economy2516-16522024-11-0171153210.1108/CPE-06-2024-038Why the great surges of developments are different: a coupling analysis of the socio-political paradigm and the techno-economic paradigmHutao Yang0Mingxuan Yang1Chinese Academy of Social Sciences, Institute of Economics, Beijing, ChinaChina International Capital Corporation Limited, Beijing, ChinaPurpose – The “problem-ridden present” is indubitably related to the prevalence of neoliberalism, but it is also when the fifth technological revolution took place. In this special time, what should be done to achieve the coupling of Socio-political Paradigmand Technoeconomic Paradigm through the adaptive transformation of socio-political paradigm to avoid the resurfacing of the “problem-ridden present”? Design/methodology/approach – The obvious difference between the efficacy of the fifth technological revolution and the previous four indicates that the Techno-economic Paradigm of Neo-Schumpeterian school is not sufficient enough to explain the institutional obstacles. No matter institutional or technological, any single perspective would not be adequate to explain the fundamental cause of the “problem-ridden present”. Findings – From a historical materialism standpoint, the structure and progress of the techno-economic paradigm are inevitably influenced by the socio-political paradigm, and only when the techno-economic paradigm and the socio-political paradigm are coupled, the potential of the wave of technological revolution can be “shared release.” Originality/value – The coupling analysis of the Socio-political Paradigm and the Technoeconomic Paradigm is of great enlightening value to the understanding of the economic development in the Digital Economy era.https://www.emerald.com/insight/content/doi/10.1108/CPE-06-2024-038/full/pdfNeo-Schumpeterian theoryKondratieff's long waves theoryTechnoeconomic ParadigmSocial-political Paradigm
spellingShingle Hutao Yang
Mingxuan Yang
Why the great surges of developments are different: a coupling analysis of the socio-political paradigm and the techno-economic paradigm
China Political Economy
Neo-Schumpeterian theory
Kondratieff's long waves theory
Technoeconomic Paradigm
Social-political Paradigm
title Why the great surges of developments are different: a coupling analysis of the socio-political paradigm and the techno-economic paradigm
title_full Why the great surges of developments are different: a coupling analysis of the socio-political paradigm and the techno-economic paradigm
title_fullStr Why the great surges of developments are different: a coupling analysis of the socio-political paradigm and the techno-economic paradigm
title_full_unstemmed Why the great surges of developments are different: a coupling analysis of the socio-political paradigm and the techno-economic paradigm
title_short Why the great surges of developments are different: a coupling analysis of the socio-political paradigm and the techno-economic paradigm
title_sort why the great surges of developments are different a coupling analysis of the socio political paradigm and the techno economic paradigm
topic Neo-Schumpeterian theory
Kondratieff's long waves theory
Technoeconomic Paradigm
Social-political Paradigm
url https://www.emerald.com/insight/content/doi/10.1108/CPE-06-2024-038/full/pdf
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