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As Time Goes By: From the Industrial Revolutions to the Information Revolution

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  • Freeman, Chris

    (Emeritus Professor, SPRU, University of Sussex)

  • Louca, Francisco

    (Professor of Economics, ISEG, Lisbon)

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    Abstract

    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'? These are some of the questions addressed in this authoritative analysis of 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 Louca 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 a well-informed, highly topical, and persuasive study of interest across all the social sciences.

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    Bibliographic Info

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    This book is provided by Oxford University Press in its series OUP Catalogue with number 9780199251056 and published in 2002.

    ISBN: 9780199251056
    Order: http://ukcatalogue.oup.com/product/9780199251056.do
    Handle: RePEc:oxp:obooks:9780199251056

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    Cited by:
    1. John Foster, 2013. "Energy, Knowledge and Economic Growth," Energy Economics and Management Group Working Papers 3-2013, School of Economics, University of Queensland, Australia.
    2. Hopkins, Michael M. & Martin, Paul A. & Nightingale, Paul & Kraft, Alison & Mahdi, Surya, 2007. "The myth of the biotech revolution: An assessment of technological, clinical and organisational change," Research Policy, Elsevier, vol. 36(4), pages 566-589, May.
    3. Patrick Criqui & Alban Kitous, 2012. "2010-2020 : une décennie décisive pour l'avenir du climat planétaire," Post-Print halshs-00709938, HAL.
    4. Werle, Raymund, 2011. "Institutional analysis of technical innovation: A review," Research Contributions to Organizational Sociology and Innovation Studies, SOI Discussion Papers 2011-04, University of Stuttgart, Institute for Social Sciences, Department of Organizational Sociology and Innovation Studies.
    5. Hilbert, Martin, 2010. "When is Cheap, Cheap Enough to Bridge the Digital Divide? Modeling Income Related Structural Challenges of Technology Diffusion in Latin America," World Development, Elsevier, vol. 38(5), pages 756-770, May.
    6. John Foster & J. Stan Metcalfe, 2011. "Economic Emergence: an Evolutionary Economic Perspective," Papers on Economics and Evolution 2011-12, Philipps University Marburg, Department of Geography.
    7. Jacobsson, Staffan, 2008. "The emergence and troubled growth of a 'biopower' innovation system in Sweden," Energy Policy, Elsevier, vol. 36(4), pages 1491-1508, April.
    8. Jie Meng, 2010. "Labor theory of value and the uncertainty in capitalist economy," Frontiers of Economics in China, Springer, vol. 5(4), pages 657-676, December.
    9. Dimitri UZUNIDIS & Sophie BOUTILLIER, 2012. "Globalisation de la R&D et innovation collaborative : l’expansion des frontières de la firme GLOBALIZATION OF R&D AND COLLABORATIVE INNOVATION: THE EXPANSION OF THE FIRM’S BORDER," Working Papers 255, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    10. Bergek, Anna & Jacobsson, Staffan & Carlsson, Bo & Lindmark, Sven & Rickne, Annika, 2008. "Analyzing the functional dynamics of technological innovation systems: A scheme of analysis," Research Policy, Elsevier, vol. 37(3), pages 407-429, April.
    11. Konstantin Fursov & Ian Miles, 2013. "Framing Emerging Nanotechnologies: Steps Towards A Forward-Looking Analysis Of Skills," HSE Working papers WP BRP 15/STI/2013, National Research University Higher School of Economics.

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