Economic Forms of Technological Change

Ross Thomson

Chapter 6 in Learning and Technological Change, 1993, pp 80-99 from Palgrave Macmillan

Abstract: Abstract Institutions generating new techniques form a principal engine of capitalist growth, but what determines the output of this engine? One promising answer, with a heritage extending back to Adam Smith, interprets technological change as an outcome of the very growth processes it engenders. In a positive feedback system, economic growth leads to expanded markets and learning which fuel further technological change.

Keywords: Technological Change; Technical Change; Capital Good; Economic Form; Marketing System (search for similar items in EconPapers)
Date: 1993
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DOI: 10.1007/978-1-349-22855-3_6

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