ABSTRACT

So far, exploring only the abstract logic of what is presupposed by systemic markets, we have explicated six crucial concepts for a political economy of research and innovation, namely:

value;

labour (as source and substance of value);

fictitious commodities;

emergence of the real totality of the ‘economy’;

the inherent improbability of capital accumulation; and

the constitutive role of extra-economic, including political and cultural, conditions.