The Economics of Technical Change

Chris Freeman

Cambridge Journal of Economics, 1994, vol. 18, issue 5, 463-514

Abstract: This paper reviews the recent rapidly growing literature on technical change in the economy. It concentrates on innovations and their diffusion at firm and industry level since this was the area designated as relatively weak in earlier literature surveys. The review argues that the extensive empirical evidence and theoretical analysis now available presents a basic challenge to neoclassical theory. After indicating some weaknesses in the 'neo-Schumpeterian' literature, the paper concludes by advocating an experiment with a new form of assessment by neighboring disciplines to economics itself, which would take full account of the fundamental issues at stake in this modern Methodenstreit. (c) 1994 Academic Press, Inc. Copyright 1994 by Oxford University Press.

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (241)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:18:y:1994:i:5:p:463-514

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().