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Versatilità, produzione e tempo: le radici dei cambiamenti economici

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  • Sergio Bruno

Abstract

Versatility, Production and Time: The Roots of Economic Changes - The consideration of time to build makes sharp differences when qualitative or quantitative changes in production occur. There are two different perspectives, the "sectoral’and the Neoaustrian one. A sectoral model immune of "malleability" is proposed in the article; not only labour, but at least one type of machine, must be versatile. Versatility is the source of technological evolution, a chain of efforts begun when human beings discovered that utensils could be used to produce better utensils. A new way of regarding the problem of innova- tion, based on the concept of "transition technology", is set up. When changes occur, the set of inherited machines put an internal constraint to the transition requiring the construction in time of additional or different capacity, independently of labour or financial constraints. The model allows to perform the same out-of-equilibrium analyses which are allowed by the Neoaustrian one but to widen the study of coordination.

Suggested Citation

  • Sergio Bruno, 2009. "Versatilità, produzione e tempo: le radici dei cambiamenti economici," STUDI ECONOMICI, FrancoAngeli Editore, vol. 0(99), pages 5-41.
  • Handle: RePEc:fan:steste:v:html10.3280/ste2009-099001
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    More about this item

    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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