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As Time Goes By Chris Freeman (Emeritus Professor, SPRU, Emeritus Professor, SPRU, University of Sussex)

As Time Goes By By Chris Freeman (Emeritus Professor, SPRU, Emeritus Professor, SPRU, University of Sussex)

Summary

This title puts the computer revolution in the perspective of previous waves of technical change: steam-powered mechanization, electrification, and motorization. It argues for a theory of reasoned economic history which assigns a central place to these successive technological revolutions.

As Time Goes By Summary

As Time Goes By: From the Industrial Revolutions to the Information Revolution by Chris Freeman (Emeritus Professor, SPRU, Emeritus Professor, SPRU, University of Sussex)

How can we best understand the impact of revolutionary technologies on the business cycle, the economy, and society? Why is economics meaningless without history and without an understanding of institutional and technical change? Does the 'new economy' mean the 'end of history'?an we best understand the impact of revolutionary technologies on business organization and the business cycle? These are some of the questions addressed in this authoritative analysis of modern economic growth from the Industrial Revolution to the 'New Economy' of today. Chris Freeman has been one of the foremost researchers on innovation for a long time and his colleague Francisco Louca is an outstanding historian of economic theory and an analyst of econometric models and methods. Together they chart the history of five technological revolutions: water-powered mechanization, steam-powered mechanization, electrification, motorization, and computerization. They demonstrate the necessity to take account of politics, culture, organizational change, and entrepreneurship, as well as science and technology in the analysis of economic growth. This is an well-informed, highly topical, and persuasive study of interest across all the social sciences.

As Time Goes By Reviews

This is a very good and important book that is must reading for anyone interested in evolutionary economics and/or the relationship between history and economics. In addition, you get a very well documented and argued interpretation of long run capitalist development from the industrial revolution to the present that will be a standard reference ... a first rate contribution to the discussion of how evolutionary economics should (may) develop. * Journal of Evolutionary Economics *
The book offers numerous insights into particular aspects of technological change ... Social theorists and policy advisors today need to be able to understand technological change in relation to cultural, political and economic life, and to situate contemporary developments in a longer term perspective. The authors provide a framework to do exactly that. Their book is a welcome demonstration of the usefulness of historical context for contemporary debates regarding science and technology policy. * Business History *
A thought-provoking work that is valuable for more than its detailed account of the technological revolutions that shape our economy today. By directing our attention to a perspective outside the current wave, it shapes our thinking about events inside the current wave. * Academy of Management Review *
This major contribution to economic history is the most impressive and convincing attempt I know to apply the concept of the 'long waves', a basic rhythm of historical development in the era of capitalism, to the entire stretch from eighteenth-century Lancashire to twenty-first-century Silicon Valley. It is also a call for economic history to escape from the handcuffs of narrow retrospective econometrics to the freedom of its vocation: understanding and explaining secular historical transformations. * Eric Hobsbawm FBA, American Academy of Arts & Sciences, Emeritus Professor of Social and Economic History, Birkbeck College; Author of The Age of Extremes: The Short Twentieth Century 1914-1991 *

About Chris Freeman (Emeritus Professor, SPRU, Emeritus Professor, SPRU, University of Sussex)

Chris Freeman is Emeritus Professor at SPRU, University of Sussex. After studying at the London School of Economics, he later took up the position of Research Fellow at the National Institute of Economic and Social Research, London (1959-66) before becoming Director of the Science Policy Research Unit at the University of Susex (1966-81). His most recent position was Visiting Professor at the University of Limburg in Maastricht (1986-96). He is the author of numerous books including 'The Economics of Industrial Innovation' (with L. Soete, Pinter, 1997); 'Work for All or Mass Unemployment: Computerised Technical Change into the 21st Century' (with L. Soete, Pinter, 1994); and 'Technology and Economic Performance: Lessons from Japan' (Pinter, 1987). Francisco Louca is Professor of Economics in the Faculty of Economics and Management at the ISEG, Lisbon. He obtained his Ph.D. in Economics at the University of Lisbon under the supervision of Chris Freeman, subsequently publishing his thesis in both English and Portuguese ('Turbulence in Economics', Edward Elgar 1997). In 1999 he was elected Member of Parliament in Portugal, and serves in the Economic and Budgetary Commission.

Table of Contents

PART I: HISTORY AND ECONOMICS; PART II: SUCCESSIVE INDUSTRIAL REVOLUTIONS

Additional information

NPB9780199241071
9780199241071
0199241074
As Time Goes By: From the Industrial Revolutions to the Information Revolution by Chris Freeman (Emeritus Professor, SPRU, Emeritus Professor, SPRU, University of Sussex)
New
Hardback
Oxford University Press
2001-02-15
424
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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