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Technical Change and Economic Theory: Global Process of Development (Ifias Research Series, Number 6) (Paperback)

by Giovanni Dosi (Editor), Christopher Freeman (Editor), Richard Nelson (Editor), Luc Soete (Editor)

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Product details

Paperback: 656 pages
Publisher: Continuum International Publishing; Reissue edition (19 Dec 1991)
Language English
ISBN-10: 0861878949
ISBN-13: 978-0861878949
Product Dimensions: 22.9 x 15 x 3.6 cm
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Amazon.co.uk Sales Rank: 2,188,000 in Books (See Bestsellers in Books)

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Synopsis
This collection of essays outlines an exploration of a new approach to economic theory. It examines the need to incorporate technical change into the mainstream of economic analysis and policy-making, as opposed to it being a "residual or exogenous factor". The aim is to analyze in depth, on both a theoretical and an historical level, the role of technological change in relation to micro-economic behaviour, adjustment processes and macro-economic patterns of transformation of the economic system. It is argued that rapid technological change, innovation and entrepreneurship, recession and growth, have all become essential concepts to an understanding of an ever more complex international economic system. The book also covers aspects of economic theory which are considered to need radical revision. In each case a thorough critique of existing mainstream theories is combined with the development of alternative theories.

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