How can we best understand the impact of revolutionary technologies on the business cycle, the economy, and society? Why is economics meaningless without history and without an understanding of institutional and technical change? Does the 'new economy' mean the 'end of history'?an we best understand the impact of revolutionary technologies on business organization and the business cycle? These are some of the questions addressed in this authoritative analysis of modern economic growth from the Industrial Revolution to the 'New Economy' of today. Chris Freeman has been one of the foremost researchers on innovation for a long time and his colleague Francisco Louçã is an outstanding historian of economic theory and an analyst of econometric models and methods. Together they chart the history of five technological revolutions: water-powered mechanization, steam-powered mechanization, electrification, motorization, and computerization. They demonstrate the necessity to take account of politics, culture, organizational change, and entrepreneurship, as well as science and technology in the analysis of economic growth. This is an well-informed, highly topical, and persuasive study of interest across all the social sciences.
| ISBN: | 9780199241071 |
| Publication date: | 15th February 2001 |
| Author: | Chris Emeritus Professor, SPRU, Emeritus Professor, SPRU, University of Sussex Freeman, Francisco Professor of Econom Louçã |
| Publisher: | Oxford University Press |
| Format: | Hardback |
| Pagination: | 424 pages |
| Genres: |
Business strategy Economic theory and philosophy Economic history Impact of science and technology on society |