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We demonstrate how successful entrepreneurship depends on a collaborative innovation bloc (CIB), a system of innovation …
Persistent link: https://www.econbiz.de/10012615413
We present the theory of the collaborative innovation bloc (CIB), an evolving system of innovation within which activity takes place over time. We show how the application of the CIB perspective can help make institutional and evolutionary economics more concrete, relevant, and persuasive,...
Persistent link: https://www.econbiz.de/10012145531
An evolutionary model of the bank size distribution is presented based on the exchange and expansion of deposit money … theory is to regard the creation of money as a slow process compared to exchange processes of deposit money. The exchange of …
Persistent link: https://www.econbiz.de/10010324121
An evolutionary model of the bank size distribution is presented based on the exchange and creation of deposit money … on the idea that the size distribution is the result of the competition between banks for permanent deposit money. The …
Persistent link: https://www.econbiz.de/10010332949
awareness and respect for empirical content to bear when he wrote about the Quantity Theory of Money, but he hesitated to probe …
Persistent link: https://www.econbiz.de/10010291900
Irving Fisher's encounter with the Quantity theory of Money began in the 1890s, during the debate about bimetallism …, and reached its high point in 1911 with the publication of The Purchasing Power of Money. His most important refinement of …
Persistent link: https://www.econbiz.de/10010292029
. Money as a social representative of value, therefore, is introduced at the very beginning of Marx.s microeconomics. Marx ….s rejection of Ricardo.s interpretation of Say.s Law requires that money as a means of circulation and as a means of payment is … profits for the capitalist class as a whole requires money advances, which have to increase by means of rising credit in a …
Persistent link: https://www.econbiz.de/10010306782
In monetary models in which agents are subject to trading shocks there is typically an ex-post inefficiency in that some agents are holding idle balances while others are cash constrained. This inefficiency creates a role for financial intermediaries, such as banks, who accept nominal deposits...
Persistent link: https://www.econbiz.de/10010277060
In the canonical monetary policy model, money is endogenous to the optimal path for interest rates and output. But when … liquidity provision by banks dominates the demand for transactions money from the real economy, money is likely to contain … information for future output and inflation because of its impact on financial spreads. And so we decompose broad money into …
Persistent link: https://www.econbiz.de/10010277853
of the Freeman (1996) model of money and payments, we first analyze the problematic monetary situation in the Netherlands …
Persistent link: https://www.econbiz.de/10010397692