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Technology in the Developed Economy

In: Science and Technology in Economic Growth

Author

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  • J. K. Galbraith

    (Harvard University)

Abstract

Few things have been more interesting in the last decade than the revision of public attitudes toward technical innovation in the United States and other industrial countries. Until very recent times it was, in all countries, a nearly absolute social good. The word invention was, for all practical purposes, synonymous with progress. The scientist and engineer, the sources of such innovation, were prime social benefactors. The encouragement of technical innovation was a central function of the modern state.

Suggested Citation

  • J. K. Galbraith, 1973. "Technology in the Developed Economy," International Economic Association Series, in: B. R. Williams (ed.), Science and Technology in Economic Growth, chapter 2, pages 39-58, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-01731-7_2
    DOI: 10.1007/978-1-349-01731-7_2
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