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Full-Text Articles in Economics
Innovation, Markets, And Evolution, Mitch Green
Innovation, Markets, And Evolution, Mitch Green
Economics Undergraduate Honors Theses
This paper approaches innovation from an evolutionary perspective. Literature spanning a broad range of traditions in economics is considered, to include Institutionalist, Schumpeterian, post-Keynesian, and growth theorists. Key systemic changes are examined in the context of prevailing technological and social institutions. It is argued that expectation-fixing effects such as path-dependence in investment and innovation provide structure to a social network of market institutions that seek to validate money contracts. The institution of money is considered as a center of power in the system and affects the course of innovation. Money as the unit of account becomes the object of …
Mountain Monitor-1st Quarter 2010, Mark Muro, Jonathan Rothwell, Kenan Fikri
Mountain Monitor-1st Quarter 2010, Mark Muro, Jonathan Rothwell, Kenan Fikri
Mountain Monitor Quarterly
Where are the jobs? That anxious question pervading national discussions of the Great Recession and its aftermath is becoming acute in the Intermountain West. Not only has the region’s usual faster-than-the-nation employment snapback after recessions failed to materialize this time around. What is more, the Mountain region’s halting economic recovery in some ways actually weakened in the first three months of 2010 as reports this new edition of the Mountain Monitor, a quarterly report produced by Brookings Mountain West, a partnership between Brookings and the University of Nevada, Las Vegas (UNLV), and a companion product to Brookings national MetroMonitor. Drawing …
Mountain Monitor-4th Quarter 2009, Mark Muro, Jonathan Rothwell
Mountain Monitor-4th Quarter 2009, Mark Muro, Jonathan Rothwell
Mountain Monitor Quarterly
The Mountain West’s recovery from the Great Recession is spreading. Output is growing in every metropolitan area. Still, hiring remains elusive—a fact frustrating the entire nation, but perhaps more so in a region used to snapping, even roaring, back from recessions faster than the rest of the nation. Drawing on data covering the fourth quarter of 2009 (ending in December), this new Mountain Monitor—a companion product to Brookings’ national MetroMonitor and a quarterly resource produced by Brookings Mountain West, a partnership between Brookings and the University of Nevada at Las Vegas—surveys a region that is at once recovering and still …