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- W2223651187 abstract "In the traditional approaches (keyne- sian and monetarist), every break in a pre-existing equilibrium situation is interpreted as an instability problem and accordingly economic policy is conceived as stabilization policy. The underlying idea, in fact, is that there is an equilibrium position to be reached or returned to, so that the fluctuations in output and in employment which affect the economy are considered as disturbances which have a reversible character. Such approaches are not suitable for dealing with problems of economic change when these imply structural modifications as is typically the case with technical change, because they abstract from the fact that production takes time. In this case a temporal model will help bringing to the fore the sequential character of the process of innovation whose direction and content cannot be predetermined, but are assumed to take shape as technology builds on technology step by step. It is possible then to throw light on production delays when quantitative economic policies are the answer to a problem which calls for a qualitative change, and on what is required for an innovative choice to be viable when conversely the latter is considered." @default.
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- W2223651187 date "1987-01-01" @default.
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- W2223651187 title "La modernisation du système productif" @default.
- W2223651187 doi "https://doi.org/10.3406/rfeco.1987.1142" @default.
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