Favorites of fortune: technology, growth, and economic development since the Industrial Revolution
A galaxy of distinguished international economists and historians pit economic history against the shaky assumptions of the classical economic theory of natural growth. Their explanations consider the factors of technology, entrepreneurialism, and paths to economic growth, but each reflects an ideological wave of explanation that has marked the last two hundred years.
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Thus, some creative talent in the South might focus usefully on filling in the
production possibility curves at the labor- intensive end.22 Economists often fail
to take account, however, of an important mitigating circumstance. The working
... and the huge concentration of labor needed to man these machines would
make no economic or social sense. This reorganization of the trust's refining
facilities brought a sharp reduction in average cost of production of a gallon of
In other words, if they made that investment, they became captives of the
producers. For these reasons the entrepreneurs who made the investment in
production large enough to exploit the economies of scale and scope usually had
to invest ...
Co říkají ostatní - Napsat recenzi
On Technology and Growth
Paul A David The Hero and the Herd in Technological
Rudolf Braun The Docile Body as an Economic1ndustrial
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