In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based … explain and the stocks of knowledge available in a society, be it individually or collectively. I find that the aggregate … number of knowledge units in a society increases more slowly, the more naive its inhabitants are. I also find that the …

The purpose of this paper is to discuss the importance of knowledge, both tacit and codified, in the formation of the … takes the post-Keynesian theory as reference, associating it with the neo-Schumpeterian analysis of innovation dynamics …. First, it is argued that knowledge plays a crucial role in building agents' confidence, emphasizing that radical innovations …

We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … long-term dynamics of innovation, and the intergenerational accumulation of knowledge. Innovation cycles emerge … that sustaining radical innovation in the long-run requires external intervention. -- Social Learning ; Innovation …

We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … long-term dynamics of innovation, and the intergenerational accumulation of knowledge. Innovation cycles emerge … that sustaining radical innovation in the long-run requires external intervention. -- Social Learning ; Innovation …