The idea that credit is important has gained importance in the contemporary macroeconomic theory. However, almost all the models that explicitly include financial variables in their explanation of economic behaviour continue to differentiate between the monetary and the real economy in the long...

The aim of this paper is to offer a general overview of the institutionalist approach to economics, hoping to make clear some of its main advantages as a framework of study of the economic process. In doing so, a brief exposition about some of the weaknesses of neoclassical economics will be...

This article evaluates Herbert A. Simon’s contribution to organization theory, placing special emphasis on the criterion of bounded rationality. Simon’s criticism of the orthodox version of organizational bureaucracy is interpreted and his analysis is extended to institutional economics. One...

The nineties in Argentina was marked by an ambitious set of structural reforms known as the Convertibility Plan. Margin, some authors claim that their collapse was due, among other things, lack of competitiveness of Argentina's economy. We believe that this did not go unnoticed by "policymakers"...

The great expansion of the production of cars and trucks in Argentina, which began in 2003 and remains strong in 2008, was transmitted to the auto parts sector, it not only had to increase their level of production but also was forced to modernize, to introduce new models and to gradually...

This paper aims to study the capacity of the National Systems of Innovation to affect the innovative performance of firms in internationalized production activities of a developing economy. The research adopted a production networks perspective on Innovation Systems and the empirical work...

From the early 1990, there is a process of modernization of the automotive industry in Argentina that modifies both the required skills and methods of learning processes in the automakers and auto parts suppliers. The local automakers permanently cease its efforts to launch new models using the...

The purpose of this paper is to explain the scope of evolutionary infeasibility of socialism in the broad sense, in light of the theory of spontaneous order of F. A. Hayek. To that end we will study the redefinition of socialism in the context of evolutionary praxeology, we apply the theory of...

This article evaluates Herbert A. Simon’s contribution to organization theory, placing special emphasis on the criterion of bounded rationality. Simon’s criticism of the orthodox version of organizational bureaucracy is interpreted and his analysis is extended to institutional economics. One...