'Birgitte Andersen revisits in a modern context the ideas of Kuznets on technological growth paths, but emphasises the structural variety in patenting where earlier authors focused on aggregate trends. This is an important contribution for scholars interested in the interface between the recent history of technology and evolutionary economics.' - John Cantwell, Rutgers University, US
Neoclassical economics, in particular the orthodox theory of the firm, offers little insight into the question of company strategy. It contributes even less to the understanding of the strategic management of technological change. In this volume, a number of international scholars from a variety of related disciplines explore the possibility of a more unified approach to linking company strategy and technological change. Each author examines the contributions from his own discipline, (economics, sociology, organization and systems theory), in order to build new multidisplinary theories of the firm, which will contribute to the debate surrounding the effects of new technology on company strategy and economic growth. Key Features * Links evolutionary economics to sociological analysis * Presents new case studies featuring this synthesis
Author: Stanford University. Department of Operations Research
Category: Equilibrium (Economics)
By far the most interesting effects of changing patterns of availability for advanced technology turn out to be indirect effects mediated through shifts in comparative advantage in international trade and through income effects in personal consumption. The only rigorous way to capture such effects is through the use of a general equilibrium analysis."