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The Innovations-Related Cause of Crises Confirmed by the Concrete Economy

In: Crisis and Embodied Innovations

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  • Volodymyr Ryaboshlyk

Abstract

This question sounds the most awkward when posed by those whose faith relies on the “data” not existing at all. In the meantime, each manager knows the parameters of his new and old equipment much better than the marginal product of his last labourer. So, technological leap is open for measurement at micro level and thereupon at industry level too. In other words, an explicit data on what technologies are coming into the economy along with investments (or what technologies the gross capital formation component of national accounts forms) objectively exist and it remains to dig them out.

Suggested Citation

  • Volodymyr Ryaboshlyk, 2014. "The Innovations-Related Cause of Crises Confirmed by the Concrete Economy," Palgrave Macmillan Books, in: Crisis and Embodied Innovations, chapter 4, pages 51-63, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-47707-1_4
    DOI: 10.1057/9781137477071_4
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