Mises Wire
Author:
Pascal Hügli
Online Publish Date:
is still considered not to be greatly affected by its decades-long zero interest policy. As we discussed in our German webinar with Professor Gunther Schnabl on the West, the West soon felt the need to emulate Japanese companies, given the innovative creativity that these large companies displayed. But then, all of a or at least they are no longer as feared as they used to be. Shifting Preferences Innovation ultimately has a lot to do with time preference in economic terms. Real