Showing 1 - 10 of 30,451
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
Both institutional quality and institutional stability have been argued to stimulate economic growth. But to improve institutional quality, a country must endure a period of institutional change, which implies at least a little and possibly a lot of institutional instability. We investigate the...
Persistent link: https://www.econbiz.de/10013158839
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
competition. Innovation competition as a trial and error-process can be analyzed as an evolutionary process of variation and … selection of new problem solutions, which allows to apply arguments and models of evolutionary innovation economics. Both … on innovation. Since there might be also advantages of a larger firm size, a trade off might occur leading to the notion …
Persistent link: https://www.econbiz.de/10014198584
origin and diffusion of technological innovation across economies. This study suggests that institutional change, based on a … of technological innovation, can propose best practices directed to support a higher economic freedom in society … technological innovation to govern the development of economies in the presence of globalization and geographical expansion in world …
Persistent link: https://www.econbiz.de/10012828332
innovation, the project mipis - Micro Port Bait Biodegradable Aracruz Celulose. The aim of the study is the main sources of …
Persistent link: https://www.econbiz.de/10008509320
The U.S. promotes and produces innovation through a wide range of interdependent institutions, ranging from the grant …" innovation is and in part on how amenable certain types of innovation are to certain forms of institutional provision. To put it … more concretely, (1) innovation is a public good that acts as an input for producing a wide range of dependent goods …
Persistent link: https://www.econbiz.de/10014066909