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This
paper suggests three parallel and complimentary
explanations behind the creations of the
present tensions within the European Union
which has clearly reduced the level of
'public happiness', a goal of economic
theory in the past. The explanations are
given in terms of: 'the deviation from
successful principles of the past', 'the
theoretical framework' which prevents
a sufficient discussion of the qualitatively
different ways innovation impacts the
economy, and the 'the wider context of
innovation' since the approach taken has
been excessively technical and economistic,
void of a broader cultural and societal
context.
March 24, 2006.
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