Focusing on the endogeneity of technology, this influential work delves into how certain social systems foster innovation. It provides a fresh interpretation of Schumpeter's key concepts, linking them to recent developments in American economic history. Through historical analysis, the book reveals the mechanisms behind technological advancement and its implications for economic growth, offering insights into the dynamic relationship between society and innovation.
The first digital electronic computer, the ENIAC, was over 100 feet long, with 18,000 simultaneously functioning vacuum tubes. Now virtually every business and home in America has its own compact PC. In 1903 the Wright brothers' airplane, held together with baling wire and glue, traveled a couple hundred yards. Today fleets of streamlined jets transport millions of people per day to cities worldwide. Between discovery and application, between invention and widespread use, there is a world of innovation, of tinkering and improvements and adaptations. This is the world David Mowery and Nathan Rosenberg map out in Paths of Innovation, a tour of the intersecting routes of the technological.
How did the West—Europe, Canada, and the United States—escape from immemorial poverty into sustained economic growth and material well-being when other societies remained trapped in an endless cycle of birth, hunger, hardship, and death? In this elegant synthesis of economic history, two scholars argue that it is the political pluralism and the flexibility of the West's institutions—not corporate organization and mass production technology—that explain its unparalleled wealth.
The purpose of Professor Rosenberg's work is to break open and examine the contents of the black box.
The book presents a comprehensive exploration of the interplay between historical events, economic factors, and policy discussions that foster technological progress and economic development. It delves into the conditions necessary for innovation and growth, providing insights that blend various academic disciplines to enhance understanding of these critical themes.
Focusing on the dynamics of technological change, this book explores the processes through which innovations are created and integrated into economic activities. It delves into the interplay between technology and the economy, offering insights into the factors that drive technological advancements and their implications for economic growth and development. Through a detailed analysis, it sheds light on the mechanisms that facilitate the adoption of new technologies within various sectors.