Economics and Technological Change

Front Cover
Rowman & Littlefield, 1987 - Business & Economics - 296 pages
An area of neglect in much of current economic theory has been its lack of attention to the impact of technological innovation on the structure and behavior of firms and the market. This book is a comprehensive study of the economic implications of technological change for three primary institutions: the firm, the market, and the civil sector.
 

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Contents

1 Introduction
3
12 TECHNOLOGICAL CHANGE AND INSTITUTIONS
6
13 RESEARCH AND DEVELOPMENT INNOVATION AND FIRM ORGANISATION
9
14 STATIC AND DYNAMIC PERSPECTIVES
14
15 THE PROBLEM OF AGGREGATION
15
16 SOME METHODOLOGICAL QUESTIONS
17
17 TECHNOLOGICAL CHANGE AND PUBLIC POLICY
19
The Firm Production and Technical Change
23
64 HETERODOX APPROACHES
143
65 AN EVOLUTIONARY APPROACH TO ECONOMIC GROWTH
144
66 PASINETTIS MODEL OF ECONOMIC GROWTH AND STRUCTURAL CHANGE
147
67 TECHNOLOGICAL CHANGE AND UNEMPLOYMENT
149
68 TECHNOLOGICAL CHANGE AND INTERNATIONAL TRADE
151
69 CONCLUSION
161
Technology and Structural Change Output and Employment in the Long Run
163
72 LONG WAVES OF ECONOMIC GROWTH
170

21 THE NEOCLASSICAL THEORY OF PRODUCTION
24
22 POST NEOCLASSICAL THEORY OF THE FIRM
29
23 MANAGERIAL MOTIVATION
32
24 FIRM STRUCTURE
34
25 TECHNICAL CHANGE AND THE THEORY OF THE FIRM
39
26 CONCLUSION
48
Research and Development in the Firm I Strategy and Structure
50
32 THE THEORETICAL CONTEXT OF R D STRATEGY FORMULATION
51
33 THE DETERMINATION OF THE R D BUDGET
55
34 THE ALLOCATION OF RESOURCES TO MAJOR ACTIVITIES WITHIN R D
60
35 ALLOCATION OF RESOURCES TO BROAD AREAS
62
36 ALLOCATION OF RESOURCES TO OBJECTIVES WITHIN AREAS
64
37 CONCLUSION
67
Research and Development in the Firm II Organisation and Execution
70
Project evaluation and selection
74
Monitoring and control
82
43 THE ORGANISATION OF THE R D FUNCTION
84
44 CONCLUSION
88
Economic Analysis and Technological Change
91
Patterns of Innovation
93
THEORETICAL ANCESTRY
94
EMPIRICAL STUDIES
96
53 INDUCED INNOVATION
104
54 INNOVATION FIRM SIZE AND MARKET STRUCTURE
109
55 TECHNOLOGY THE SELECTION ENVIRONMENT AND THE FIRM
114
56 THE DIFFUSION OF TECHNOLOGICAL INNOVATION
117
The epidemics model
119
Criticisms of the epidemic model and alternative models of diffusion
122
57 CONCLUSION
131
Technological Change Output Employment and Trade
133
61 CLASSICAL ECONOMISTS AND ECONOMIC GROWTH
136
62 THE HARRODDOMAR MODEL
137
63 NEOCLASSICAL MODELS OF ECONOMIC GROWTH
138
73 NEOSCHUMPETERIAN THEORIES OF LONG WAVES
173
74 THE ROLE OF THE LABOUR MARKET
180
75 INSTITUTIONAL INNOVATION IN LONG WAVES
188
76 INFORMATION TECHNOLOGY AND THE CURRENT LONG WAVE
191
77 CONCLUSION
193
Political and Social Aspects of Technological Change
195
Government Intervention in Technical Change
197
82 THE POSSIBILITY OF INTERVENTION
200
83 WHY DOES GOVERNMENT INTERVENE?
203
84 HISTORICAL BACKGROUND TO GOVERNMENT INTERVENTION
210
The Promotion and Control of Technology by Government
221
92 LABOUR GOVERNMENT POLICIES FOR PROMOTION OF TECHNOLOGY
222
93 CONSERVATIVE POLICIES FOR PROMOTION OF TECHNOLOGY
227
94 THE EXAMPLES OF AERO ENGINES AND MOTOR VEHICLES
231
95 GOVERNMENT POLICY AND MICROELECTRONICS
233
96 SOME PRECONDITIONS FOR GOVERNMENT CONTROL OF TECHNOLOGY
236
ATTEMPTS TO ANTICIPATE THE NEED FOR REGULATIONS
238
98 MECHANISMS FOR THE CONTROL OF TECHNOLOGY
239
THE PHILOSOPHY BEHIND REGULATIONS
241
910 INSTITUTIONS FOR CONTROL OF TECHNOLOGY IN THE UK
244
911 THE EFFECT OF REGULATION ON INNOVATION
249
912 CONCLUSIONS
251
NonGovernmental Influences on Technical Change
253
102 PUBLIC PARTICIPATION IN TECHNOLOGY POLICY
254
103 THE TRADE UNION MOVEMENT
257
104 PRESSURE GROUPS
262
105 CONFLICT AND CONSENSUS
266
106 THE ROLE OF EXPERTS
269
Summary and Conclusion
271
Bibliography
277
Index
291
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