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- Induced_innovation abstract "Induced innovation is a macroeconomic hypothesis first proposed in 1932 by J.R. Hicks in his work The Theory of Wages. He proposed that "a change in the relative prices of the factors of production is itself a spur to invention, and to invention of a particular kind—directed to economizing the use of a factor which has become relatively expensive."Considerable literature has been produced on this hypothesis, which is often presented in terms of the effects of wage increases as an encouragement to labor-saving innovation. The hypothesis has also been applied to viewing increases in energy costs as a motivation for a more rapid improvement in energy efficiency of goods than would normally occur.".
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- Induced_innovation wikiPageLength "1029".
- Induced_innovation wikiPageOutDegree "11".
- Induced_innovation wikiPageRevisionID "386229707".
- Induced_innovation wikiPageWikiLink 1932_in_literature.
- Induced_innovation wikiPageWikiLink Category:Macroeconomics.
- Induced_innovation wikiPageWikiLink Creativity_techniques.
- Induced_innovation wikiPageWikiLink Energy.
- Induced_innovation wikiPageWikiLink Hypothesis.
- Induced_innovation wikiPageWikiLink International_Innovation_Index.
- Induced_innovation wikiPageWikiLink Invention.
- Induced_innovation wikiPageWikiLink John_Hicks.
- Induced_innovation wikiPageWikiLink London.
- Induced_innovation wikiPageWikiLink Macroeconomic.
- Induced_innovation wikiPageWikiLink Macroeconomics.
- Induced_innovation wikiPageWikiLink The_Theory_of_Wages.
- Induced_innovation wikiPageWikiLinkText "Induced innovation".
- Induced_innovation wikiPageWikiLinkText "induced innovation".
- Induced_innovation hasPhotoCollection Induced_innovation.
- Induced_innovation wikiPageUsesTemplate Template:Macroeconomics-stub.
- Induced_innovation subject Category:Macroeconomics.
- Induced_innovation hypernym Hypothesis.
- Induced_innovation comment "Induced innovation is a macroeconomic hypothesis first proposed in 1932 by J.R. Hicks in his work The Theory of Wages.".
- Induced_innovation label "Induced innovation".
- Induced_innovation sameAs m.04px1_.
- Induced_innovation sameAs Q6027219.
- Induced_innovation sameAs Q6027219.
- Induced_innovation wasDerivedFrom Induced_innovation?oldid=386229707.
- Induced_innovation isPrimaryTopicOf Induced_innovation.