A Technology Transfer Index is proposed for gauging the process of international technology transfer. The approach is based on the premise that the transferee in the process aims at achieving technological independence through gradual replacement of imported technological components by...

Bounded rationality provides a fundamental economic explanation for non-rational modes of behavior. These non-rational modes underlie both the erratic perturbations of entrepreneurship and the systematic waves of diffusion they initiate which in turn guarantee that the economy operates out of...

[eng] This paper introduces a new micro foundation for economic theory that is 1) based on alternative modes of economizing behavior ; 2) that incorporates transactions that can occur out of equilibrium ; and 3) mat, in addition to individual feasability, requires the satisfaction of explicit...

[eng] The concepts of bounded rationality and related modes of adaptive behavior help explain why specific market mechanisms and institutions are needed to mediate exchange ; why the economy must evolve out of equilibrium ; why democratic capitalism changes so rapidly ; why socialist systems...

Our concern is with economizing behavior when preferences depend on experience. It is shown that such dependence, reflecting 'deep psychological structure', even when it is stable or habit forming in a fixed environment, can be destabilizing in a market context when prices are adjusting, even...

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During his lifetime Hyman Minsky made a seminal contribution to the development of financial Keynesianism. In this book, leading academics celebrate his work and explore his economic legacy. Special attention is paid to his work on contemporary economic method, the Great Depression, the European...