Doing Capitalism in the Innovation Economy: Markets, Speculation and the State
Introduction Part I. Learning the Game: 1. Apprenticeship 2. Discovering computers 3. Investing in ignorance Part II. Playing the Game: 4. The financial agent 5. The road to BEA 6. Apotheosis Part III. Understanding the Game: The Role of Bubbles: 7. The banality of bubbles 8. Explaining bubbles 9. The necessity of bubbles Part IV. Understanding the Game: The Role of the State: 10. Where is the state? 11. 'The failure of market failure' 12. Tolerating waste.
Innovation management characteristics of industrial enterprises
Innovation risks are a complex multifaceted concept. In order to work successfully in a risky environment, organizations' employees need deep and comprehensive economic knowledge. Innovation risk assessing and determining their impact degree on the economic situation of enterprises is a complex multifunctional process. Existing risk minimization matrices do not provide an opportunity to identify the most dangerous risks in order to make quick effective management decisions. There is no integrated algorithm for the process of identification and risk management, which helps to minimize and neutralize the innovation risks of enterprises. Innovation management characteristics of enterprise are shown in the article. An algorithm of risk assessing during the innovation project work is presented. The innovation management ways, taking into account risks, are analyzed.
The Rich and the Great Recession
Most papers explaining the macro causes of the U.S. Great Recession focus on the behavior of the middle class: how its saving rate declined in the pre-crisis years, then surged following the crisis. This paper argues that the saving rate of the rich followed a similar pattern, the result of wealth effects associated with a boom-bust in asset prices. Indeed, the swings in saving by the rich must actually have played the most important role in the consumption boom-bust, since since the top 10 percent account for almost half of income and two-thirds of wealth. In other words, the rich played a critical role in the Great Recession.