Try QuoteGPT
Chat naturally about what you need. Each answer links back to real quotes with citations.
Schumpeter emphasizes a “demand-side” explanation for such clustering of innovation. One might also consider a complemen tary “supply-side” explanati… - Hal Varian
" "Schumpeter emphasizes a “demand-side” explanation for such clustering of innovation. One might also consider a complemen tary “supply-side” explanation: since innovators are, in many cases, working with the same components, it is not surprising to see simultaneous innovation, with several innovators coming up with essentially the same invention at almost the same time. There are many well-known examples, including the electric light, the airplane, the automobile, and the telephone.
English
Collect this quote
About Hal Varian
Hal Ronald Varian (born March 18, 1947) is an American economist specialising in microeconomics and information economics.
Also Known As
Alternative Names:
Hal Ronald Varian
•
Hal R. Varian
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by Hal Varian
Arrow’s Impossibility Theorem is quite surprising. It shows that three very plausible and desirable features of a social decision mechanism are inconsistent with democracy: there is no “perfect” way to make social decisions. There is no perfect way to “aggregate” individual preferences to make one social preference. If we want to find a way to aggregate individual preferences to form social preferences, we will have to give up one of the properties of a social decision mechanism described in Arrow’s theorem.
Loading...