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Author: Martin Shubik Publisher: MIT Press ISBN: 9780262693110 Category : Business & Economics Languages : en Pages : 472
Book Description
This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.
Author: Iván Blanco Publisher: Ed. Universidad de Cantabria ISBN: 8481028770 Category : Business & Economics Languages : en Pages : 90
Book Description
Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.
Author: Martin Shubik Publisher: MIT Press ISBN: 9780262693110 Category : Business & Economics Languages : en Pages : 472
Book Description
This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.
Author: Joseph Alois Schumpeter Publisher: Transaction Publishers ISBN: 9780887387647 Category : Business & Economics Languages : en Pages : 322
Book Description
In addition to the major themes of his life--the place of the entrepreneur in economic development, the risks and rewards of innovation, business cycles and why they occur, and the evolution of capitalism in Europe and America--the essays contain statements on how Schumpeter viewed his own development. They discuss how he looked at Marxism, and how he feared that economics was in danger of becoming too ideological. Several of the essays are classics. In this new edition, Schumpeter's Essays can finally be read with the enjoyment and enlightenment they deserve. The volume is alive to the basic issues of our time.
Author: John Cunningham Wood Publisher: Taylor & Francis ISBN: 9780415325660 Category : Administrative agencies Languages : en Pages : 448
Book Description
A unique, indispensable resource for both student and scholar, this collection gathers together key material to enable readers to explore the impact of Drucker's ideas.
Author: Lanny Vincent Publisher: Wipf and Stock Publishers ISBN: 1532608705 Category : Religion Languages : en Pages : 393
Book Description
Innovation Theology: A Biblical Inquiry and Exploration invites seminary leaders to explore an uncharted territory--theology for innovating. This unexplored terrain of practical and applied theology holds gems of substantive and practical wisdom for innovating in the marketplace, society, and church. Innovation Theology brings theological perspectives to the challenges of innovating and promises to transform how we make sense of change and where (and why) we choose to innovate. Innovation Theology makes the case that God continues to create and continues to invite us, through change, to co-create new value for others (i.e., innovate). Innovation Theology explores where discovery, invention, and value creation intersect (or not) with the intentions of God. Not to be confused with workplace spirituality, business ethics, or critiques of technology, theology for innovating can encourage scientists, engineers, and entrepreneurs to aim their innovating toward the common good, not just in response to the invisible hand of the market. Innovation Theology invites us to make meaning before money, aim for plumb lines before bottom lines, and reattach extrinsic to intrinsic value. The one for whom all things are possible is interested, invested, and engaged in innovating. Are we innovating with him, or not?
Author: Benoît Godin Publisher: Routledge ISBN: 1317928199 Category : Political Science Languages : en Pages : 370
Book Description
Innovation is everywhere. In the world of goods (technology), but also in the world of words: innovation is discussed in the scientific and technical literature, but also in the social sciences and humanities. Innovation is also a central idea in the popular imaginary, in the media and in public policy. Innovation has become the emblem of the modern society and a panacea for resolving many problems. Today, innovation is spontaneously understood as technological innovation because of its contribution to economic "progress". Yet for 2,500 years, innovation had nothing to do with economics in a positive sense. Innovation was pejorative and political. It was a contested idea in philosophy, religion, politics and social affairs. Innovation only got de-contested in the last century. This occurred gradually beginning after the French revolution. Innovation shifted from a vice to a virtue. Innovation became an instrument for achieving political and social goals. In this book, Benoît Godin lucidly examines the representations and meaning(s) of innovation over time, its diverse uses, and the contexts in which the concept emerged and changed. This history is organized around three periods or episteme: the prohibition episteme, the instrument episteme, and the value episteme.
Author: Gerald Hage Publisher: Routledge ISBN: 0429830815 Category : Business & Economics Languages : en Pages : 437
Book Description
Published in 1998. In the past year the 300 largest global companies increased their research budgets by an average of 12 per cent. Governments now measure how technologically advanced they are as they worry about their trade balances and unemployment. Many public sector organizations, for example hospitals, universities and welfare agencies, are struggling to keep up with the rate of technological progress. The selections in this book provide a number of insights on how private firms can be more innovative and public sector organizations can keep up with rapid technological change. They emphasize both radical and incremental innovations and both product and process innovation. In particular the advanced manufacturing technologies so central to Piore and Sabel’s ’Second Industrial Divide’ receive a great deal of attention. Finally, the consequences of innovation are the focus of the last section.
Author: Martin Shubik
Author: Iván Blanco 
Author: John Bailey Jones
Author: Martin Shubik
Author: Joseph Alois Schumpeter
Author: John Cunningham Wood
Author: Enrique Dans
Author: Lanny Vincent
Author: Benoît Godin
Author: Gerald Hage
Author: Eva Gutiérrez Puigarnau