Business & Economics Books:

The Theory of Technological Change and Economic Growth


Paperback / softback

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The Theory of Technological Change and Economic Growth by Stanislaw Gomulka
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The last two centuries have witnessed intense and sustained technological progress, but it has not affected all areas equally. This book surveys the numerous theories of technological change that have emerged in an attempt to provide a unified theoretical framework for interpreting the large variations in innovative behaviour that exist between enterprises and whole economies. Innovation is first considered at the micro level, and its impact at the scale of an individual enterprise is analysed. Technological change is shown to be sensitive to both cultural and institutional forces. Countries such as the United Kingdom, Japan and the Soviet Union have had very different experiences of technological change and this has been reflected in variations of their rates of economic growth at different times. The ability of various economic theories to explain this becomes the key theme of the second half of the book. All the major theories relating technological change and economic growth, including those of Kuznets, Phelps, Kaldor and Hicks, are canvassed, but throughout the emphasis is on establishing a unified theoretical framework to help explain the impact of technological progress on both a micro and a macro scale.
Release date NZ
September 6th, 1990
Country of Publication
United Kingdom
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