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The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of ongoing structural and...
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Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively....
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reversion in laggards' performance. When policy uncertainty is high, technological competition intensifies even as the overall …We examine how policy uncertainty affects firm innovation and competitive dynamism. In R&D races, the gap in the rate … investment from policy uncertainty present an opportune window for laggards to challenge and overtake leaders. We present …
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