Industry in the Age of Resources: A World of Scarcity?

Vincent Petit and Mike Rosenberg

Chapter 3 in The Next Industrial Revolution:A New Age for Innovation in Industry, 2023, pp 55-88 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In the previous chapter, we explored the first driver of innovation: the permanent quest for building faster, cheaper, and better in order to save time and money and create greater abundance. The twentieth century, in this regard, is likely to be remembered in the distant future as the land-mark of such progress. Building on innovations that thrived in the late nineteenth century, the tale of the last decades has been one of spectacular wealth creation, fueled by access to more affordable goods, once available to only a small minority. To a large extent, this tale has been that of a middle class that could increasingly live like the upper class, climbing the social ladder at rocket speed…

Keywords: Industry Revolution; Innovation; Decarbonization and Climate Change and Environment; Circularity; Productivity; Resiliency; Greenhouse Gas; Materials and Resources; Digital Technologies; Internet of Things; New Energy Technologies and Electrification; Nano- and Biotechnologies (search for similar items in EconPapers)
JEL-codes: O13 O3 Q4 Q43 Q48 Q5 (search for similar items in EconPapers)
Date: 2023
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