Document Type
Discussion Paper
Publication Date
9-1-2008
CFDP Number
1674
CFDP Pages
16
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.
Recommended Citation
Shubik, Martin, "Innovation and Equilibrium?" (2008). Cowles Foundation Discussion Papers. 1985.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1985