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approach outlined in his second theory. Tacit knowledge is related to the questions of firms’ core competences and comparative … of competition also lead to different estimates of the importance and value of the tacit knowledge of entrepreneurs …In this paper we first outline the distinction between Schumpeter’s theory of Creative Destruction and other theories …
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novel explanation: distortionary taxation. Economic theory suggests that when investments that are substitutes for one … optimal tax theory and the distortion problem. Part V contrasts taxation of favored investments with taxation of higher …
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This book traces the theoretical explanation for clusters back to the work of classical economists and their more modern disciples who saw economic development as a process involving serious imbalances in the exploitation of resources
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