Perspectives on the Theory of the Firm and its Correlation with Technological Change and Innovation

Authors

  • Diego Favaro Villegas Pontificia Universidad Católica Argentina

Keywords:

THEORY OF THE FIRM, NEOCLASSICAL THEORY, TECHNOLOGY DEVELOPMENT INNOVATION, RONALD COASE, JOSEPH SCHUMPETER

Abstract

Starting from the neoclassical theory, Ronald Coase’s ideas, and the evolutionist theory represented by Joseph Schumpeter, the paper presents the evolution of the notion of the firm from a static and exogenous perspective, to a dynamic, evolutionary and endogenous perspective. The firm is the main innovative agent of the economy, and in the new institutional economics it is conceived as the answer to information problems attached to productive
processes. In the current situation, economic development is based on information; therefore each company should capitalize its human resources qualification, its know-how, and the creation and spreading of innovative technology.

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Author Biography

Diego Favaro Villegas, Pontificia Universidad Católica Argentina

Doctorando en Economía (UCA). Posgrado en Evaluación de Proyectos y Análisis de Riesgo (U. Católica del Uruguay-Harvard). Posgrado en Formulación y Evaluación de Proyectos del Instituto de Planificación Económica y Social de Naciones Unidas (ILPESPNUD). Profesor de Formulación y Evaluación de Proyectos de Inversión y Planes de Negocios en la Facultad de Ciencias Empresariales (UCU). Consultor de empresas, de instituciones del Estado y de organismos multilaterales de crédito en proyectos de inversión.

Published

2018-12-03

How to Cite

Favaro Villegas, D. (2018). Perspectives on the Theory of the Firm and its Correlation with Technological Change and Innovation. Cultura Económica, 31(85), 51–70. Retrieved from https://e-revistas.uca.edu.ar/index.php/CECON/article/view/1453