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discusses three very old "cosmologies" in Western thought, how these play out in economic theory, and how evolutionary biology … can help evaluate their validity and policy relevance. These cosmologies, as manifested in economic theory are, (1 …
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In this paper we are going to analyze the dynamics of barriers to entry at the international level. In our model economic development takes place and continues in the long run due to the emergence of new sectors, which can compensate for the diminishing ability of mature sectors to create...
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