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In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded that socialism would eventually displace … "stylized" propositions that are essential elements of Schumpeter's prediction about the fate of capitalism. These propositions … policies fueled a development of the economy along the lines predicted by Schumpeter. In general, the policies discouraged …
Persistent link: https://www.econbiz.de/10005419535
No abstract.
Persistent link: https://www.econbiz.de/10010684525
The publication of János Kornai’s memoirs, By Force of Thought, provides an excellent opportunity to remind ourselves of Kornai’s great contributions to economic research. This paper discusses both his basic research strategy and some of his main research results. Kornai has usually dealt...
Persistent link: https://www.econbiz.de/10005771097
The Industrial Institute of Economic and Social Research (IUI) was founded in 1939. In less than ten years, IUI grew from a small survey bureau to a leading research institute focused on microeconomic research relevant to industrial development. Based on a number of new commemorative essays and...
Persistent link: https://www.econbiz.de/10008543205
This paper addresses various attempts by so-called new Keynesians, writing mainly in the 1980s and 1990s, to strengthen the analytical basis, in particular the microeconomic foundations, of these assertions. What, exactly, have then the new Keynesians accomplished, and how should their...
Persistent link: https://www.econbiz.de/10010699974
Billions of dollars are allocated every year to university research. Increased specialisation and international integration of research and researchers has sharply raised the need for comparisons of performance across fields, institutions and individual researchers. However, there is still no...
Persistent link: https://www.econbiz.de/10005645435
No abstract.
Persistent link: https://www.econbiz.de/10010684415
No abstract.
Persistent link: https://www.econbiz.de/10010684479
Firms and governments spend billions of dollars on R&D every year. To increase social welfare, the results of R&D must be commercialized so that consumers can benefit from improved products and lower prices. One measure of R&D output is patents; however, most patent databases contain no...
Persistent link: https://www.econbiz.de/10011249390
Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions derived from standard models of capital taxation when applied to entrepreneurial income. Some of the defining features of entrepreneurship often omitted by standard capital taxation...
Persistent link: https://www.econbiz.de/10005082489