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This article revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann's idiosyncratic (i.e., eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1)...
Persistent link: https://www.econbiz.de/10012716493
The paper revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann's idiosyncratic (read: eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1)...
Persistent link: https://www.econbiz.de/10014051184
Given the economic, societal and environmental relevance of innovation, this paper contrasts various models of … innovation, compares how innovation is understood in mainstream economics and evolutionary economics of innovation and juxtaposes … states. innovation performance, it argues that the science-push model of innovation is still highly influential in the EC STI …
Persistent link: https://www.econbiz.de/10010508513
The fundamental problem in the field of technology studies is how technology evolves and sustains economic change in human society. This study confronts the problem here by proposing the theory of technological host-parasites coevolution, an approach that may be useful for bringing a new...
Persistent link: https://www.econbiz.de/10014032744
The standard neoclassical approach to economic theorising excludes, by definition, economic emergence and the related phenomenon of entrepreneurship. We explore how the most economic of human behaviours, entrepreneurship, came to be largely excluded from mainstream economic theory. In contrast,...
Persistent link: https://www.econbiz.de/10010576973
Political activism positively affects firm innovation. Firms that support more politicians, politicians on … innovation. The results are consistent with the hypothesis that political activism is valuable because it helps reduce political … uncertainty, which, in turn, fosters firm innovation. Also consistent with this hypothesis, we show that politically active firms …
Persistent link: https://www.econbiz.de/10010501442
about future performance and standard measures of corporate innovation. We begin by developing a career concern model where … probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive industries. We …
Persistent link: https://www.econbiz.de/10013069826
We propose a new co-evolutionary computational two-sector approach to the design of national innovation policy that … recognizes the importance of inter-sectoral absorptive capacity constraints in innovation linkages between sectors in an economy … downstream-user sector. This suggests that the low productivity performance of modern innovation policy might in part be …
Persistent link: https://www.econbiz.de/10012925925
transition to the post-industrial paradigm, and the economy of "knowledge", the national innovation system (NIS) plays a leading … innovation system significantly lags behind other countries and calls for modernisation based on the modern regulatory tools …, policies, and world's leading trends. The direct import of institutions of foreign innovation systems demonstrates its limited …
Persistent link: https://www.econbiz.de/10012800107
structures called innovation commons (Allen & Potts, 2016), it ends with integration in the hierarchical start-up firm. This …
Persistent link: https://www.econbiz.de/10014124403