This paper suggests an approach to analyzing the determinants of changes in industrial prices which provides a bridge between the broad macro perspectives of the Walrasian approach and the narrowly focussed micro approach of traditional demand and supply analysis. The analytical usefulness of...

This paper reviews some general objectives and means of implementing industrial policy, and then focuses on what seem to be the key issues. Next, various patterns and results of industrial policy experiences in Japan and several Western European countries are reviewed and contrasted with the...

Attention is directed first to the external as well as the internal contexts within which prospective innovations are evaluated. Turning to the actual decision-making processes, a review of the evaluational bases for decision is followed by consideration of how these lead to actual decisions and...

Most evaluations of forecasts have hitherto been primarily based on measure of statistical accuracy. Attention is drawn to the need for concentrating instead on the forecast components bearing on managerial decisions and on the economic effects of such decisions. The method suggested highlights...

A commonly held view is that innovation, deriving directly from expenditure on research and development, brings increased productivity, lower costs, increased profitability and growth, and that these relationships form a economically virtuous circle. However, this view is not supported either by...

Technological advances have come to be recognized as probably the most important sources of economic progress, including the productivity and competitive strength of industries, growth in national income and gains both in standards of living and in military security. It has become increasingly...

After calling attention to some misleading conceptions of the industrial sectors facing increasing challenges from abroad, the analysis highlights the primary sources of recent shortcomings in the competitiveness of major industries in the US and in some other long industrialized economies....