Explaining Technical Change

Technical change, defined as the manufacture and modification of tools, is generally thought to have played an important role in the evolution of intelligent life on earth, comparable to that of language. In this volume, first published in 1983, Jon Elster approaches the study of technical change from an epistemological perspective. He first sets out the main methods of scientific explanation and then applies those methods to some of the central theories of technical change. In particular, Elster considers neoclassical, evolutionary, and Marxist theories, whilst also devoting a chapter to Joseph Schumpeter's influential theory.

Technical change is produced by the interaction of a large number of technical, economic, social and institutional factors. One of the starting points is the concept of national innovation systems. The aim of this book is to take Finland as an example illustrating the challenges faced by small countries. The characteristics and performance of the Finnish national innovation system of the last couple of decades are analyzed. The Finnish experience is put in a broader context by comparing it with a few other countries. The development paths possible in the near future are assessed. According to the results, many problems remain despite favourable developments in several technology indicators. The rigidities of the social institutions created during the 1970s and 1980s seem to have become obstacles for economic and technological development. There are fairly large differences between the countries studied, and even between the culturally and historically close Nordic countries. However,Finland and Sweden seem to share the same kind of encompassing collective risk-sharing systems, which may have detrimental effects on, for instance, incentives related to innovativeness. Increasing globalisation requires further development of the national system of innovation. Technology policy must be seen as one part of more encompassing social and economic policies, and the role of factors such as well-functioning institutions, appropriate education and sound incentive systems is highly important. The papers of this book are written by experts of various research disciplines. They reflect the respective views on the issue how technical change in Finland can be explained. It is also discussed how Finland fares in comparison to Denmark, Sweden, Japan and the United States.

A concise and accessible examination of the established models used to explain long-term and large-scale economic change.

Why are so few electric cars in our streets today? Why is it difficult to introduce electronic patient records in our hospitals? To answer these questions we need to understand how state and non-state actors interact with the purpose of transforming so

This book presents the intellectual production of the first phase of the Cooperative Research Project on Agricultural Technology in Latin America (PROTAAL) and the most relevant papers presented by invitees at a meeting held in San Jose, Costa Rica in September 1981.

Productivity of inputs is an important determinant of the competitiveness of firms in national and international markets. Productivity growth arises from deliberate decisions to innovate but the technological opportunities could be such that different inputs would have different rates of growth. Previous literature has mostly concentrated on labor productivity but empirical studies indicate that productivity of capital is also increasing. One of the objectives of this book is to examine the difference or bias in the productivity growth of the two inputs. In this book, application of this general approach to study of biased technical change is developed and new empirical results presented for both macroeconomies and microeconomic firms.

In this volume, scholars from these two very different traditions are brought together. Never before has a single volume contained such a distinguished and diverse group of historians of technology.

This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.