Title

Innovation and Equilibrium?

Authors

Martin Shubik

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.

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