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Bootstrapping innovation economics means that cash flow from an earlier event is used to support subsequent investment events. The regional capital markets, based upon internet technologies, provide the mechanism for this bootstrapping of capital from one generation of innovation to the next
Persistent link: https://www.econbiz.de/10014214939
When an entrepreneur leaves the old unit to create a new venture, he goes through a process of guessing at prices in the future, and also guesses at the rate of profit to use in the spreadsheets for his business plan. Old units provide some base line for these guesses, as far as they relate to...
Persistent link: https://www.econbiz.de/10014079606
We update Schumpeter’s original analysis, by placing his concept of the gales of creative destruction within the modern framework of Clayton Christensen’s concept of blockchain innovation. The income and wealth benefits of blockchain entrepreneurial economic growth are widely distributed,...
Persistent link: https://www.econbiz.de/10014082136
The theoretical anomaly about why monetary stimulus did not create U.S. economic growth is explained by a simple economic idea: When the rate of private capital investment in the U. S. goes down, then the rate of technological innovation goes down. When the rate of technological innovation goes...
Persistent link: https://www.econbiz.de/10013022539
The argument made here is that the political stalemate on the Federal Financial Crisis is the canary singing in the mineshaft that assumptions about economic growth are wrong. Something in the American economy has fundamentally, and unalterably changed the ability of the economy to grow at...
Persistent link: https://www.econbiz.de/10013121861
There are four areas of conflict of interest between the goals of democratically elected representatives in promoting regional technological innovation, and the goals of the senior managers of global corporations. These four conflicts involve:1. a conflict over information flows between...
Persistent link: https://www.econbiz.de/10013083071
Our interest in writing this article is to create a bridge between the scholarly and academic research on technological innovation and a private sector, for-profit business model that implements the ideas on innovation and entrepreneurship, primarily in metro regional economies.In his popular...
Persistent link: https://www.econbiz.de/10012723039
Our interest in writing this article is to create a bridge between the scholarly and academic research on technological innovation and a private sector, for-profit business model that implements the ideas on innovation and entrepreneurship, primarily in metro regional economies.Economic growth...
Persistent link: https://www.econbiz.de/10012707407