Abstract
This article develops the observation that systemic and functional reasoning is pertinent yet tacit in current political economy of innovation systems. Starting from this, it elaborates a distinct Parsonian perspective on innovation systems which treats them as systems in a sociological sense. This means that they possess crucial functions which need to be fulfilled for the innovation system to work and persist. A perspective on “crucial functions” adds fruitful new insights to theories on innovation systems and proposes new aspects for successful innovation policy.
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