Defense Innovation in the US: A Political and Cultural Approach Based on the Fligstein Case

By Sylvain Moura

English

The article analyses the evolution of the innovation process in the US defense industry. It shows that despite the fall of the Berlin Wall in 1989, its economic and social characteristics have not changed since the Cold War. Moreover, stockholder value creation has confirmed and reinforced this trend. These findings are derived from the political-cultural model of Neil Fligstein, to which the concept of institutional hierarchy has been added. JEL: B52, L64

Keywords

  • defence industry
  • institutional economics
  • institutional hierarchy
  • innovation
  • shareholder value
Go to the article on Cairn-int.info