Retroeconomics and the Difficulties in Developing an Innovation- Oriented Economy

Vladimer Papava

doi:10.52340/er.2026.02

Authors

Vladimer Papava Author

DOI:

https://doi.org/10.52340/er.2026.02

Abstract

A retroeconomy refers to an economic environment where firms operate using comparatively
outdated technologies, yet continue to meet existing consumer demand (Papava, 2025). The term
“retro” is derived from Latin, meaning “backwards.” In this context, we define retroeconomics as a
theoretical framework that seeks to explain the structural technological lag within certain national
economies (Papava, 2017).

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