Showing 1 - 10 of 1,941
This paper examines two drastic changes in the performance of local water associations in providing local public goods - appropriate levels of water table - in the reclamation system in the Powiat Pyrzyce in the Voivodship Zachodniopomorski in northwest Poland. Employing an institutional...
Persistent link: https://www.econbiz.de/10010307578
Economists are divided about population growth: the pessimism of neo-Malthusians contrasts strongly with the optimism of cornucopians. Despite their differences, both schools of thought reject economic orthodoxy and prefer evolutionary forms of theory. Their interpretations of evolution are...
Persistent link: https://www.econbiz.de/10013352845
Institutions matter both for long-term economic evolution as well as for more short-termed economic performance. The law is particularly important in shaping the institutional framework for economic activities. This paper gives an overview of typical evolutionary explanations of legal change,...
Persistent link: https://www.econbiz.de/10010319224
Israel M. Kirzner is the 2006 winner of The International Award for Entrepreneurship and Small Business Research. In this essay, we present and evaluate his main contributions to the economics of entrepreneurship. The focus is on how Kirzner defines the entrepreneurial function. In order to...
Persistent link: https://www.econbiz.de/10010320080
Israel M. Kirzner is the 2006 winner of The International Award for Entrepreneurship and Small Business Research (the FSF-Nutek Award). In this Prize Lecture he argues that a number of those who have commented on his work have misunderstood certain aspects of his theoretical system, and as a...
Persistent link: https://www.econbiz.de/10010320372
The global economy has performed very poorly since the onset of the crisis in 2008. This paper argues that easy monetary policy has actually worsened economic prospects to date, being based on a fundamental, ontological error. The economy is not an understandable and controllable machine as...
Persistent link: https://www.econbiz.de/10014523326
The paper unravels the subversive nature of Schumpeter’s proposition that entrepreneurs carry out innovations (the micro level), that swarms of followers imitate them (meso) and that, as a consequence, ‘creative destruction’ leads to economic development ‘from within’ (macro). It is...
Persistent link: https://www.econbiz.de/10010266719
A characteristic feature of economic development is the ever changing structure of consumption patterns. Reducing the explanation of this phenomenon to changing prices, finally caused by changes in the availability of goods (or characteristics), would neglect a major force driving this change,...
Persistent link: https://www.econbiz.de/10010266740
This paper reconsiders the economic explanation of EU regional policy from an evolution- ary perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the prevalent evolutionary neo-Schumpeterian and Austrian-Hayekian percep- tions. Based on this...
Persistent link: https://www.econbiz.de/10011400542
The objective of the PICK-ME (Policy Incentives for Creation of Knowledge - Methods and Evidence) research project is to provide theoretical and empirical perspectives on innovation which give a greater role to the demand-side aspect of innovation. The main question is how can policy make...
Persistent link: https://www.econbiz.de/10011430928