The present study focuses on the issue of innovation among small and medium-sized enterprises (SMEs), which constitute the lifeblood of economic growth. The power of this lifeblood depends on the level of innovativeness of these enterprises insofar as SMEs consider innovation their main...

While modern theorising on the microfoundation of macroeconomics makes intense use of the representative firm notion, severe objections have been raised. Regarded from the history of thought this is the second time that its usefulness is called into question. The paper presents an old literature...

Science and technology (S&T) are considered to be a central source, or at least a basic medium, of societal and industrial innovation, while innovation is conceived to basically feed the regeneration of our welfare. The suppliers of S&T in Europe as well as the users of their „products“, are...

The standard BRANSON model is modified in a way which allows one to focus on the short term dynamics of foreign bonds markets, the money market and the stock market - or alternatively the oil market. This allows us to explain the dynamics of the exchange rate and the oil price within a portfolio...

The present study focuses on the issue of innovation among small and medium-sized enterprises (SMEs), which constitute the lifeblood of economic growth. The power of this lifeblood depends on the level of innovativeness of these enterprises insofar as SMEs consider innovation their main...

The bulk of the global innovative effort takes place in 5 countries: USA, Japan and China as leaders, with France and United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The present paper attempts to answer the following...

Strong growth in disposable income has driven, and is still driving, consumption to unprecedented, but not sustainable levels. To explain the dynamic interplay of needs, need satisfaction, and innovation underlying that growth a behavioral theory of consumption is suggested and discussed with...

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The integration process between evolutionary approach and conventional economic analysis is very essential for the next development of economic studies, especially in the fundamental concepts of modern economics: supply and demand analysis. In this presentation, we use the concept of meme to...

Sustainable development is a knowledge intensive process, but plagued by persistent concerns over our apparent inability to connect what we know with more sustainable practices and outcomes. While considerable attention has been given to ways we may better understand and enhance the...