Advanced Search
MyIDEAS: Login

Are we living in the middle of an Industrial Revolution?

Contents:

Author Info

  • Joel Mokyr
Registered author(s):

    Abstract

    The concept of a new Industrial Revolution has recently become of great interest to general economists of all persuasions. For example, the New Growth Theory has placed renewed emphasis on the importance of technological change in modern economic growth, and a number of authors have suggested that we are entering a new period of technological advances that could profoundly affect the world economy. ; In an article based on comments at the Tenth District Monetary Policy Roundtable, Mr. Mokyr looks at the events of our time in relation to events of the British Industrial Revolution. He cautions that the temptation to look at the past to guide us in making predictions and policy recommendations should be resisted. Historical analogies often mislead as much as they instruct, and in technological progress, where change is unpredictable, cumulative, and irreversible, the analogies are more dangerous than anywhere.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.kansascityfed.org/publicat/econrev/pdf/2q97mokr.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Federal Reserve Bank of Kansas City in its journal Economic Review.

    Volume (Year): (1997)
    Issue (Month): Q II ()
    Pages: 31-43

    as in new window
    Handle: RePEc:fip:fedker:y:1997:i:qii:p:31-43:n:v.82no.2

    Contact details of provider:
    Postal: One Memorial Drive, Kansas City, MO 64198
    Phone: (816) 881-2254
    Web page: http://www.kansascityfed.org
    More information through EDIRC

    Order Information:
    Email:

    Related research

    Keywords: Technology ; Economic history ; Economic conditions - United States;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Gordon, Robert J, 2000. "Does the 'New Economy' Measure up to the Great Inventions of the Past?," CEPR Discussion Papers 2607, C.E.P.R. Discussion Papers.
    2. Wolfgang Gerstenberger & Klaus-Heiner Röhl & Heinz Schmalholz & Andrea Szalavetz & Michaela Votteler, 2003. "Analyse der außenwirtschaftlichen Beziehungen zwischen Ungarn und Sachsen/Ostdeutschland : Kooperationspotenziale im Bereich der Informations- und Kommunikationswirtschaft ; Gutachten im Auftrag des ," ifo Dresden Studien, Ifo Institute for Economic Research at the University of Munich, number 34.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:fip:fedker:y:1997:i:qii:p:31-43:n:v.82no.2. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (LDayrit).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.