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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
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
Innovations are inherently connected to knowledge transfers. The need of face-to-face contacts to transfer tacit knowledge is commonly argued to cause a regional dimension of innovative activities. The paper presents an alternative explanation based on a model of boundedly rational actors who...
Persistent link: https://www.econbiz.de/10010266701
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
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
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/10001580303
Persistent link: https://www.econbiz.de/10014584140