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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'?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 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 an 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: 16.30cm , Height: 2.80cm , Length: 24.20cm Weight: 0.764kg ISBN: 9780199241071ISBN 10: 0199241074 Pages: 424 Publication Date: 15 February 2001 Audience: Professional and scholarly , Professional & Vocational Format: Hardback 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: 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 Conclusions: Recurrent Phenomena of the Long Waves of Capitalist DevelopmentReviewsThis 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 `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 `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 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 Louçã 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. Tab Content 6Author Website:Countries AvailableAll regions |
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