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Control, Information and Technological Change (Hardcover)
Loot Price: R3,033
Discovery Miles 30 330
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Control, Information and Technological Change (Hardcover)
Series: Economics of Science, Technology and Innovation, v. 6
Expected to ship within 10 - 15 working days
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Information theory, cybernetics and the theory of finite automata
are used to model learning-by-doing, bounded rationality, routine
behaviour, and the formation of teams. The non-neoclassical
characterization of production developed in this book ignores the
usual quantitative relationships between inputs and outputs and
instead views production strictly as a problem of control and
communication. The motivation for this unconventional
characterization of production comes from Schumpeter's critique of
neoclassical economic theory. The non-neoclassical characterization
of production developed in this book is in keeping with how
economic historians describe specific technological changes and how
they write technological histories about particular machines, firms
or industries.
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