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A Violent WorldThe Major Breakdown in Technical Progress

A Violent World: The Major Breakdown in Technical Progress [A strange destiny awaited the analysis of technical progress as produced by economists two centuries ago. The difficulty in measuring such progress is patent. In the context of an approach from the total factor productivity perspective, it depends on how a given country’s economy grows and the division of its business activities into sectors. Even more important is the fact that technical progress was conceived through the contemplation of a particular history, that of the Industrial Revolution, an expression developed by Adolphe Blanqui.1 An Industrial Revolution represents the passage of a society from one technical system to another, illustrated first and foremost by the original Industrial Revolution that occurred in the late nineteenth century, in which the steam engine, the iron and steel industry and extensive coal-mining defined just such a new technical system. Certain economists subsequently identified other major changes that they considered to be worthy of the definition of ‘Industrial Revolution’.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Violent WorldThe Major Breakdown in Technical Progress

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Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-88782-8
Pages
6 –29
DOI
10.1007/978-1-137-58993-4_2
Publisher site
See Chapter on Publisher Site

Abstract

[A strange destiny awaited the analysis of technical progress as produced by economists two centuries ago. The difficulty in measuring such progress is patent. In the context of an approach from the total factor productivity perspective, it depends on how a given country’s economy grows and the division of its business activities into sectors. Even more important is the fact that technical progress was conceived through the contemplation of a particular history, that of the Industrial Revolution, an expression developed by Adolphe Blanqui.1 An Industrial Revolution represents the passage of a society from one technical system to another, illustrated first and foremost by the original Industrial Revolution that occurred in the late nineteenth century, in which the steam engine, the iron and steel industry and extensive coal-mining defined just such a new technical system. Certain economists subsequently identified other major changes that they considered to be worthy of the definition of ‘Industrial Revolution’.]

Published: Jun 11, 2016

Keywords: Total Factor Productivity; Technical System; Technical Progress; Scientific Progress; Productivity Gain

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