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Innovation and Equilibrium?

Martin Shubik

No 1674, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: 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.

Keywords: Innovation; Invention; Circular flow; Finance (search for similar items in EconPapers)
JEL-codes: D5 G2 O3 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2008-09
New Economics Papers: this item is included in nep-ino and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in D. Papadimitriou and L.R. Wray, eds., The Elgar Companion to Hyman Minski, Edward Elgar, 2010, pp. 153-168

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