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Intangible Flow Theory

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  • Cardao-Pito, Tiago

Abstract

The intangible flow theory explains that flows of economic material elements (such as physical goods; or cash) are consummated by human related intangible flows (such as work flows; service flows; information flows; or communicational flows) that cannot be precisely appraised at an actual or approximate value, and have properties precluding them from being classified as assets or capitals. Therefore, although mathematical/quantitative research methodologies are very relevant for science, they are insufficient to study economy and society. Due to its prejudice against non mathematical/quantitative scientific reasoning, neo-classic economics could not be technologically prepared to reach the intangible flow dynamics of economic phenomena. Furthermore, the neo-classic solution to call people human assets or human capital, besides being ethically very questionable, offers performative non-scientific metaphors that intervene in the production of the reality they claim to represent; and sabotages the study of well delimited research questions by scientific approaches outside the realm of neo-classic economics.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 27483.

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Date of creation: 12 Sep 2004
Date of revision: 25 Oct 2010
Handle: RePEc:pra:mprapa:27483

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Keywords: intangible flow; materiality; intangibility; human capital; embeddedness and performativity.;

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  1. Mary M. Crossan & Marina Apaydin, 2010. "A Multi-Dimensional Framework of Organizational Innovation: A Systematic Review of the Literature," Journal of Management Studies, Wiley Blackwell, Wiley Blackwell, vol. 47(6), pages 1154-1191, 09.
  2. Antonio Ciccone & Giovanni Peri, 2003. "Identifying Human Capital Externalities: Theory with Applications," Working Papers 6, Barcelona Graduate School of Economics.
  3. Beed, Clive & Kane, Owen, 1991. "What Is the Critique of the Mathematization of Economics?," Kyklos, Wiley Blackwell, Wiley Blackwell, vol. 44(4), pages 581-612.
  4. Zephyr, 2010. "The city," City, Taylor & Francis Journals, Taylor & Francis Journals, vol. 14(1-2), pages 154-155, February.
  5. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 70, pages 9.
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