Cost Innovation: Schumpeter and Equilibrium. Part 2: Innovation and the Money Supply
AbstractThe control structure over money and real assets is considered in the process of cost innovation. The work here contrasts with the first part of this paper where the emphasis was on the physical aspects of innovation. Here the emphasis is primarily on the money supply aspects of innovation. We conclude with observations on evaluation and the locus of control in the process of innovation.
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Bibliographic InfoPaper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 1881.
Length: 41 pages
Date of creation: Jan 2012
Date of revision:
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-01-07 (All new papers)
- NEP-INO-2013-01-07 (Innovation)
- NEP-KNM-2013-01-07 (Knowledge Management & Knowledge Economy)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- I. Karatzas & M. Shubik & W. Sudderth, 2006. "Production, interest, and saving in deterministic economies with additive endowments," Economic Theory, Springer, vol. 29(3), pages 525-548, November.
- Martin Shubik & Eric Smith, 2014. "Varying the Money Supply of Commercial Banks," Cowles Foundation Discussion Papers 1939, Cowles Foundation for Research in Economics, Yale University.
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