Title

Cost Innovation: Schumpeter and Equilibrium. Part 2: Innovation and the Money Supply

Document Type

Discussion Paper

Publication Date

12-1-2012

CFDP Number

1881

CFDP Pages

41

Abstract

The control structure over money and real assets is considered in the process of cost innovation. The work here contrasts with the first part of this paper where the emphasis was on the physical aspects of innovation. Here the emphasis is primarily on the money supply aspects of innovation. We conclude with observations on evaluation and the locus of control in the process of innovation.

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