Category Archives: Economics of Science and Technology

Technological Progress in a Below Full Employment Economy

I recently came across a rather interesting argument that the famous Post-Keynesian economist Abba Lerner made in relation to his well-known doctrine of Functional Finance. Basically Lerner said that labour-saving technological innovation in a below full employment economy was not … Continue reading

Posted in Economic Theory, Economics of Science and Technology | Leave a comment

What Happened to Science and Research Funding?

I’ll never forget the reaction of a scientist I once met, a chemist who had transitioned into corporate management, when I told her that I was an economist. “Oh,” she said, “so you’d know something about corporations and how they … Continue reading

Posted in Economic Policy, Economics of Science and Technology | 9 Comments