Innovation and Equilibrium?
A discussion is given of the problems involved in the formal modeling of the innovation process. The link between innovation and finance is stressed. The nature of how the circular flow of funds is broken and the role of finance in evaluation and control is discussed.
|Date of creation:||Sep 2008|
|Publication status:||Published in D. Papadimitriou and L.R. Wray, eds., The Elgar Companion to Hyman Minski, Edward Elgar, 2010, pp. 153-168|
|Contact details of provider:|| Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA|
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References listed on IDEAS
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.:
- Koopmans, Tjalling C, 1977.
"Concepts of Optimality and Their Uses,"
American Economic Review,
American Economic Association, vol. 67(3), pages 261-274, June.
- Koopmans, Tjalling C, 1976. " Concepts of Optimality and Their Uses," Scandinavian Journal of Economics, Wiley Blackwell, vol. 78(4), pages 542-560.
- Koopmans, Tjalling C., 1975. "Concepts of Optimality and Their Uses," Nobel Prize in Economics documents 1975-2, Nobel Prize Committee.
- Tjalling C. Koopmans, 1976. "Concepts of Optimality and Their Uses," Cowles Foundation Discussion Papers 421, Cowles Foundation for Research in Economics, Yale University.
- Gode, Dhananjay K & Sunder, Shyam, 1993. "Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality," Journal of Political Economy, University of Chicago Press, vol. 101(1), pages 119-137, February.
- Martin Shubik, 1977. "A Theory of Money and Financial Institutions," Cowles Foundation Discussion Papers 462, Cowles Foundation for Research in Economics, Yale University.
- Juergen Huber & Martin Shubik & Shyam Sunder, 2007. "Three Minimal Market Games: Theory and Experimental Evidence," Levine's Bibliography 122247000000001480, UCLA Department of Economics. Full references (including those not matched with items on IDEAS)