The Innovations-Related Cause of Crises Confirmed by the Concrete Economy

Volodymyr Ryaboshlyk

Chapter 4 in Crisis and Embodied Innovations, 2014, pp 51-63 from Palgrave Macmillan

Abstract: Abstract This question sounds the most awkward when posed by those whose faith relies on the “data” not existing at all. In the meantime, each manager knows the parameters of his new and old equipment much better than the marginal product of his last labourer. So, technological leap is open for measurement at micro level and thereupon at industry level too. In other words, an explicit data on what technologies are coming into the economy along with investments (or what technologies the gross capital formation component of national accounts forms) objectively exist and it remains to dig them out.

Keywords: Business Cycle; Moderate Path; Intermediate Consumption; Constructive Framework; Technological Coefficient (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47707-1_4

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DOI: 10.1057/9781137477071_4

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