Some Observations on Economic Theory and Technical Change

Victor L. Urquidi and Alejandro Nadal
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Victor L. Urquidi: El Colegio de Mexico
Alejandro Nadal: El Colegio de Mexico

Chapter 15 in The Relevance of Economic Theories, 1980, pp 238-271 from Palgrave Macmillan

Abstract: Abstract The question of the relevance of economic theory to present-day society is particularly important when we come to the issues surrounding changes in technology. However loosely we define technical change (say, as changes in methods or processes of production as well as in the products themselves), the fact that it affects every aspect of social life undoubtedly justifies a close examination of the way in which economic theory tries to grasp this very complex phenomenon.

Keywords: Economic Theory; Production Function; Technical Change; Capital Accumulation; Inventive Activity (search for similar items in EconPapers)
Date: 1980
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DOI: 10.1007/978-1-349-16443-1_15

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