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thus declining aggregate demand, phenomena like lower investment and innovation rates, skills deterioration, and declining …
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This paper presents the family of the Keynes Schumpeter (K S, cf. Dosi et al, 2010, 2013, 2014) evolutionary agent …-based models, which study the effects of a rich ensemble of innovation, industrial dynamics and macroeconomic policies on the long … stylized facts. Here, we discuss a series of experiments on the role of policies affecting i) innovation, ii) industry dynamics …
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This work, which shall contribute to the Fest "A Just Society: Honouring Joseph Stiglitz", discusses a major unifying theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and coordination hurdles. In his analysis Joe is in many respects a...
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