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This paper investigates whether acquisitions involving public high technology firms are best understood in terms of acquirers taking over firms with ‘superior’ innovation performance to access their assets, or acquiring firms with ‘inferior’ innovation performance to turn them around....
The 2008 economic crash led to remarkable shifts of opinion among world leaders. Does this crisis create favourable conditions for the reform and revitalisation of economics itself—from a subject dominated by mathematical techniques to a discipline more oriented to understanding real-world...
The paper questions the idea that a biology-based perspective, and more specifically Darwinian population thinking, constitutes a real alternative for the study of the evolution of social systems. This is done through a critical appraisal of the work of Thorstein Veblen. Even though Veblen's...
A robust and critical post-Keynesianism can be specified on the basis of time, uncertainty, and the investigation of the institutions that structure material life, without presupposing what those institutions are. This paper criticises the inclusion in influential presentations of the axiomatic...
Postcolonial theory has not yet made an impact in economics. This may be explained by the different treatment of culture in each field. In postcolonial theory, culture serves as a central analytical category. In economics, despite increased attention in recent history, general approaches to...
In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities , to argue that the classical notion of ‘centre of gravitation’ is not a sound concept. The market mechanics of labour allocation through price signals and quantity adjustments, given...
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