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The paper presents the analysis of recent developments of Schumpeterian theory of entrepreneurship and innovation in …
Persistent link: https://www.econbiz.de/10011212782
Munkirs’ notions of Centralized Private Sector Planning and its derivations are very useful in order to give an alternative explanation to the most recent economic crisis. The crisis is the result of the clashes between the old CPSP and a new one based on recently created technology and...
Persistent link: https://www.econbiz.de/10011258454
, Moore’s law is derived from a preferential growth model of successive production technology generations. The theory suggests …
Persistent link: https://www.econbiz.de/10011258822
distribution. The theory suggests that in a free market competition between products is ultimately the origin of the uneven income …
Persistent link: https://www.econbiz.de/10011260210
Traditional macroeconomics and agent-based simulation (ABS) seem to be two disjunctive worlds, two different sprachspiele in the sense of Wittgenstein. It is not just the fact that macroeconomics has a long and distinguished history that on top of more than 200 years of discourse has recently...
Persistent link: https://www.econbiz.de/10011260233
This essay argues that articles in economics, especially in the fields of evolutionary and institutional economics, are as much cited in biology as in economics. The citation analysis conducted in the essay suggests that economics is now becoming the Mecca of biology.
Persistent link: https://www.econbiz.de/10011260607
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 the infeasibility of socialism itself, of the Austrian School in … base our analysis on the theory of the Sensory Order Hayek on the human mind and the limits of reason as the cause of the …
Persistent link: https://www.econbiz.de/10008871172
between exploiters and exploited. This new amendment explains the central role of Marx’ labor theory of value as a regulation … device for the emergence of new contradictions. After Marx two strands of economic theory stand out as cornerstones of … theories of social value: Jevon’s price theory and Schumpeter’s price-breakers theory. The former managed to establish itself …
Persistent link: https://www.econbiz.de/10008871297
An evolutionary model of the product life cycle is applied to derive the experience curve and the market size of (expensive) durable goods. The experience (learning) curve suggests that the real costs per unit decrease with an increasing cumulative output (Henderson's law). Based on the idea...
Persistent link: https://www.econbiz.de/10009294665
(Juglar cycles) having its origin in the initial diffusion process. The theory suggests that there exists two diffusion … comparison with empirical data suggests that the theory describes the main trend of the product life cycle superimposed by short …
Persistent link: https://www.econbiz.de/10009295261