Abstract In this paper we analyze how firms’ R&D investment decisions, firms’ profits and social welfare are affected by absorptive capacity; that is, the ability of a firm to learn from other collaborating firms. The model developed is a strategic regular network where firms have the...

After the self-criticism of Richard Posner (A failure of capitalism. The crisis of ’08 and the descend to depression. Harvard University Press, Cambridge, <CitationRef CitationID="CR48">2009a</CitationRef> and some later papers), a position shared in part by Gary Becker, it is right to ask what exactly remains of the Chicago School,...</citationref>

The paper discusses synthetically an epistemological question in the field of economics: how to translate a real problem into formal terms without a substantial loss of significance for its solution in policy making. The discussion will challenge the plausibility of the basic assumption of...

The paper deals with the topic of interest rate, which has long been confused with usury and is determined by parsimony and the marginal product of capital or, as an alternative, by conventions. It will be shown how the return differentials and the ever changing relationship that financial...

The present economic and financial crisis is taking place at the climax of a period in which mainstream economic theory, on the one hand, and global financial liberalization on the other, had given credit once again to the self-regulatory ability of markets, which also seemed to find...