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Marx and Sen on incentives and justice: Implications for innovation and development

Papaioannou, Theo (2016). Marx and Sen on incentives and justice: Implications for innovation and development. Progress in Development Studies, 16(4) pp. 297–313.

DOI (Digital Object Identifier) Link: https://doi.org/10.1177/1464993416657208
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Abstract

The most crucial obstacle to equitable innovation and development is the tension between profit incentives and social justice. In the egalitarian tradition of social and political thought, there have been a number of theorists preoccupied with this tension. Among them Marx and Sen stand out as the most influential figures. This article evaluates their approaches and examines implications for technological innovation and economic development. The argument is that Marx’s needs based approach is relational and therefore provides a radical resolution to the incentive –justice tension. By contrast, Sen’s approach is informational and therefore provides a policy solution to this tension. Both approaches imply that innovation and development can become more equitable through public action. However, in the case of Marx, public action assumes conflict between social classes; it aims at changing capitalist social relations and eliminating unjust exploitation. In the case of Sen, public action assumes consent between individuals; it aims at reforming public policy and eliminating capability deprivation.

Item Type: Journal Item
Copyright Holders: 2016 Sage Publications
ISSN: 1477-027X
Keywords: Marx; Sen; incentives; justice; innovation; development; needs; capabilities; public action; politics; neoliberalism
Academic Unit/School: Faculty of Arts and Social Sciences (FASS) > Politics, Philosophy, Economics, Development, Geography
Faculty of Arts and Social Sciences (FASS)
Interdisciplinary Research Centre: Centre for Citizenship, Identities and Governance (CCIG)
Innovation, Knowledge & Development research centre (IKD)
OpenSpace Research Centre (OSRC)
International Development & Inclusive Innovation
Item ID: 47624
Depositing User: Theo Papaioannou
Date Deposited: 18 Oct 2016 14:35
Last Modified: 04 Sep 2017 09:08
URI: http://oro.open.ac.uk/id/eprint/47624
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