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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 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
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
otherwise visible to society. We develop a structural model of initial and follow-on innovation to determine the effects of such … a shift in disclosure on overall welfare in industries characterized by cumulative innovation. We find that while … significant decline in follow-on innovation. …
Persistent link: https://www.econbiz.de/10012060814
The relevant competitors in regard to innovation might, but not necessarily do, correspond to the identified … anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … assessment of anticompetitive innovation effects in merger review. By focusing on the applied U.S. Antitrust, it turns out that …
Persistent link: https://www.econbiz.de/10010229899
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
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
“Production” and “transfer” of knowledge, and the role of institutions, are two major conceptual tenets of Innovation … paper discusses how such conceptual framework matters for the analysis of innovation processes and what are its policy …
Persistent link: https://www.econbiz.de/10014199258