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OverviewHow 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'?These are some of the questions addressed in this authoritative analysis of 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 Louçã 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 a well-informed, highly topical, and persuasive study of interest across all the social sciences. Full Product DetailsAuthor: Chris Freeman (Emeritus Professor, SPRU, Emeritus Professor, SPRU, University of Sussex) , Francisco Louçã (Professor of Economics, Faculty of Economics and Management, Professor of Economics, Faculty of Economics and Management, ISEG, Lisbon)Publisher: Oxford University Press Imprint: Oxford University Press Dimensions: Width: 15.60cm , Height: 2.30cm , Length: 23.40cm Weight: 0.613kg ISBN: 9780199251056ISBN 10: 0199251053 Pages: 424 Publication Date: 07 March 2002 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsPart I: History and Economics Introduction: The Fundamental Things Apply 1: Restless Clio: A Story of the Economic Historians' Assessment of History in Economics 2: Schumpeter's Plea for Reasoned History 3: Nikolai Kondratiev: A New Approach to History and Statistics 4: The Strange Attraction of Tides and Waves Conclusions to Part I: A Theory of Reasoned History Part II: Successive Industrial Revolutions Introduction: Technical Change and Long Waves in Economic Development 5: The British Industrial Revolution: The Age of Cotton, Iron, and Water Power 6: The Second Kondratiev Wave: The Age of Iron Railways, Steam Power, and Mechanization 7: The Third Kondratiev Wave: The Age of Steel, Heavy Engineering, and Electrification 8: The Fourth Kondratiev Wave: The Great Depression and the Age of Oil, Automobiles, Motorization, and Mass Production 9: The Emergence of a New Techno-economic Paradigm: The Age of Information and Communication Technology (ICT) Conclusions to Part II: Recurrent Phenomena of the Long Waves of Capitalist DevelopmentReviewsReview from previous edition 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 ... a true story has to make sense, to be plausible and persuasive. Cleverness is less useful than sense and sensibility. The inability to see this, to avoid showing off, has been the death of more than one pyrotechnic schema. This book is testimony to knowledge and good sense. Such virtues are rare and that much more valuable. David Landes, Professor of History and Economics, Harvard University, Emeritus; Author of The Wealth and Poverty of Nations This book is 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, 27(2) `Review from previous edition 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 `. . . a true story has to make sense, to be plausible and persuasive. Cleverness is less useful than sense and sensibility. The inability to see this, to avoid showing off, has been the death of more than one pyrotechnic schema. This book is testimony to knowledge and good sense. Such virtues are rare and that much more valuable.' David Landes, Professor of History and Economics, Harvard University, Emeritus; Author of The Wealth and Poverty of Nations `This book is 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, 27(2) Author InformationChris Freeman is Emeritus Professor at the University of Sussex and was the founder and former Director of SPRU (1966-81). SPRU has become one of the leading world centres for research on technical change. After war-time service in the Manchester Regiment and experience in market research, Chris Freeman became a Research Fellow at the National Institute of Economic and Social Research (1959-66), and later a Visiting Professor at the University of Limburg, Maastricht. Francisco Louçã is a Portuguese Member of Parliament, serving in the Economic and Budgetary Commission. He obtained his Ph.D. in Economics from the University of Lisbon, under the supervision of Chris Freeman. His thesis, entitled Turbulence in Economics has since been published in both English and Portuguese (Edward Elgar/Afrontamento, 1997). Tab Content 6Author Website:Countries AvailableAll regions |
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