General premise -- Theoretical frame -- Innovation, uncertainty, entrepreneurship : modelling the dynamic process of the economy -- Mainstream economics and heterodox economics : a misleading controversy : "necessary" system versus "natural" system -- An explanation of economic change and...

The study investigates the endogenous mechanism of innovation using a model based on neo-Austrian and Schumpeterian economics.The model, which consists of adaptive and technological features, is simulated over an interval of 16 to 64 periods supposing the existence of 18 firms. The first eight...

1. The method of social theory : suggestions for a shared basic view / Angelo Fusari -- 2. Homo Åconomicus versus Homo Politicus / Hasse Ekstedt -- 3. The axiological-normative question in economics and social sciences : objective and subjective values / Angelo Fusari -- 4. On time and ethics /...

This essay begins with an examination of the differences between natural reality and social reality, but along lines different from those of the traditional Methodenstreit . The aim is to clarify the methodological implications of these differences, which appear essential to proper motivation of...

Sets out a model giving an interpretation of the engine of economic development and growth, and business cycle. Based on a peculiar concept of dynamic competition, explains innovation and uncertainty and describes the way equilibrating and disequilibrating processes are intertwined and operate....