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2015 | 11(18) | 21-32

Article title

Analysis of consumer innovativeness in an axiomatic approach

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EN

Abstracts

In the Schumpeterian vision of economic development economic evolution is based on the innovative activities of producers and evolutionary changes in the production sphere realized through credits created by banks from savings. The possibility of innovative changes in the demand sphere and the active role of consumers in innovative processes are neglected. Hence the main aim of this paper is an extension of the previous results obtain in the formal modelling of Schumpeter’s theory through the axiomatical analysis of innovative changes in the consumer in the formal apparatus of the modern Arrow-Debreu theory of general equilibrium.

Contributors

References

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  • Ciałowicz B., Malawski A. (2012). The role of households in the Schumpeterian innovative evolution – an axiomatic set-up. The paper presented at The 14th International Schumpeter Society Conference. University of Queensland. Brisbane, Australia. July 2-5.
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Publication order reference

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YADDA identifier

bwmeta1.element.desklight-92857476-03e6-443a-8de1-2b515bce924a
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