partnerships. Without these additional institutional elements, society risks fragmentation that imperil both income growth and … that shape market outcomes) with minimum risks. However,when societies become more equitable in ways that lead to greater …

-varying volatilities, but technology, tastes and fiscal and monetary policies do not seem suitable for such variables. The paper contends …

institutional set-up, we turn to the discussion of the following question: How can a supervisor devise a framework of supervision …

, to choose how to allocate technological inputs. A technology choices model is developed, where scarce scientific … resources are alternatively allocated to basic science activities and to applied technology uses. We find that saddle path … objective function, that is, for a second-order Taylor series approximation of a felicity function regarding technology …

The relations between the riches of nations and the riches of Productive Knowledge (Technology) gains increasing … production, i.e., technology or productive knowledge, gives occasion to a dynamic and uninterrupted growth process, but … technology itself is the product of mental labor. In support of this assertion, a simple model of growth based on productive …