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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
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
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
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
This chapter describes biobanks as institutions for collection, preservation, curation, and production of knowledge and information, in both material and immaterial forms. That characterization calls for research and comparative analysis of the broad diversity of specific biobanks, using a...
Persistent link: https://www.econbiz.de/10014109484
In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based modelling approach to explore it. The mechanism takes into account the relation between the phenomena that agents attempt to explain and the stocks of knowledge available in a...
Persistent link: https://www.econbiz.de/10012591877
Persistent link: https://www.econbiz.de/10011704134