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This book presents a comprehensive view of the economic approach to the analysis of technical change.
An area of neglect in much of current economic theory has been its lack of attention to the impact of technological innovation on the structure and behavior of firms and the market. This book is a comprehensive study of the economic implications of technological change for three primary institutions: the firm, the market, and the civil sector.
Technology's contribution to economic growth and competitiveness has been the subject of vigorous debate in recent years. This book demonstrates the importance of a historical perspective in understanding the role of technological innovation in the economy. The authors examine key episodes and institutions in the development of the U.S. research system and in the development of the research systems of other industrial economies. They argue that the large potential contributions of economics to the understanding of technology and economic growth have been constrained by the narrow theoretical framework employed within neoclassical economies. A richer framework, they believe, will support a more fruitful dialogue among economists, policymakers, and managers on the organization of public and private institutions for innovation. David Mowery is Associate Professor of Business and Public Policy at the School of Business Administration, University of California, Berkeley. Nathan S. Rosenberg is Fairleigh Dickinson Professor of Economics at Stanford University. He is the author of Inside the Black Box: Technology and Economics (CUP, 1983).
Anthology of readings on the economics of technological change - examines the causes, determinants and implications of technological change by means of economic analysis, considers the diffusion of new technology suggesting it can be largely accounted for by economic variables, attempts to quantity the contribution of technological change to economic growth, etc., and explores the implications of differences in levels of technology among various countries. Graphs, maps, references and statistical tables.
This study examines governmental intervention in the technical process and its effect on economic performance. Stoneman discusses the welfare framework and the relationship between technological change and economic performance, and investigates the effects of technology policies in a theoretical construct that unifies invention, innovation, and diffusion.
Technology has long been seen as a path to economic growth. However there is considerable debate about the exact nature of this relationship. Economics of Structural and Technological Change employs a wide range of theoretical and applied approaches to explore the concept of technological change. The book begins with a series of in-depth discussions of the economic analysis of technological change. The second section contains a discussion of theoretical models of technological change, focusing on issues such as time and innovation. The third section brings together a number of applied analyses of technological change and examines the effect of factors such as human resource constraints, patenting and science and technology indicators.
There is a small and growing literature that explores the impact of digitization in a variety of contexts, but its economic consequences, surprisingly, remain poorly understood. This volume aims to set the agenda for research in the economics of digitization, with each chapter identifying a promising area of research. "Economics of Digitization "identifies urgent topics with research already underway that warrant further exploration from economists. In addition to the growing importance of digitization itself, digital technologies have some features that suggest that many well-studied economic models may not apply and, indeed, so many aspects of the digital economy throw normal economics in a loop. "Economics of Digitization" will be one of the first to focus on the economic implications of digitization and to bring together leading scholars in the economics of digitization to explore emerging research.
By integrating concepts from technical change theory with those of information economics and organizational management in the context of original empirical research results, a broad theoretical investigation of the process of technological change in the information technology industry is produced. It is international in focus and deals with the issues that are common to most segments of the industry thereby making this book a substantial advance in knowledge about this field. Distributed by Columbia U. Press. Annotation copyrighted by Book News, Inc., Portland, OR