The Economics of Speed: Machine Speed as the Key Factor in Productivity

Author:   Bernard C. Beaudreau
Publisher:   Springer Nature Switzerland AG
Edition:   1st ed. 2020
ISBN:  

9783030267155


Pages:   122
Publication Date:   14 August 2020
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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The Economics of Speed: Machine Speed as the Key Factor in Productivity


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Overview

This is the first book to examine the “nuts and bolts” of production processes. It proposes a truly consilient approach to modeling production processes – one that goes beyond the vague principles found in standard economics – and provides details that are consistent with the applied mechanics and engineering literature. Providing a credible analysis of some of the most pressing questions of our era, such as the productivity slowdown and the information paradox, and bridging the gap between engineering, applied physics, economics, and management science, this book is a fascinating read for anyone interested in industry, the modern economy, and how physical factors constrain productivity growth.

Full Product Details

Author:   Bernard C. Beaudreau
Publisher:   Springer Nature Switzerland AG
Imprint:   Springer Nature Switzerland AG
Edition:   1st ed. 2020
Weight:   0.454kg
ISBN:  

9783030267155


ISBN 10:   3030267156
Pages:   122
Publication Date:   14 August 2020
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Chapter 1. Introduction.- Chapter 2. The Trouble with Production Theory.- Chapter 3. The Economies of Speed, KE=1/2mv2 and the Productivity Slowdown.- Chapter 4. The Kinetics Approach to Production: Theory and Evidence.-  Chapter 5. The Profitability of Speed-Ups.- Chapter 6. The End of the Age of Speed and The Productivity Slowdown.- Chapter 7. The Physical Limits to Economic Growth by R&D-Funded Innovation.- Chapter 8. Speed and the Great Depression.- Chapter 9. Summary and Conclusions.

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Author Information

Bernard Beaudreau is a professor and program director in the Department of Economics, University of Laval, Canada. In recent decades, he has focused his work on the underpinnings of productivity growth, with a special emphasis on the physics (mechanics and thermodynamics) of the underlying production processes.

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