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Explaining Technology
Loot Price: R561
Discovery Miles 5 610
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Explaining Technology
Series: Elements in Evolutionary Economics
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Loot Price R561
Discovery Miles 5 610
Expected to ship within 12 - 17 working days
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A long tradition explains technological change as recombination.
Within this tradition, this Element develops an innovative
combinatorial model of technological change and tests it with 2,000
years of global GDP data and with data from US patents filed
between 1835 and 2010. The model explains 1) the pace of
technological change for a least the past two millennia, 2) patent
citations and 3) the increasing complexity of tools over time. It
shows that combining and modifying pre-existing goods to produce
new goods generates the observed historical pattern of
technological change. A long period of stasis was followed by
sudden super-exponential growth in the number of goods. In this
model, the sudden explosion of about 250 years ago is a
combinatorial explosion that was a long time in coming, but
inevitable once the process began at least two thousand years ago.
This Element models the Industrial Revolution as a combinatorial
explosion.
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