Koppl, Roger

Explaining Technology (Elements in Evolutionary Economics)

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ISBN 13:
9781009386258
author:
Koppl, Roger
format:
Paperback
publisher:
Cambridge University Press
language:
English
Publication Year:
2023
Pages:
75
Dimensions:
22.9 x 15.2 x 0.5 centimetres (0
Genre:
Business, Development, Economic Development,
Condition:
New
Availability:
Item usually sent within 7 working days
£24.65

Description

Explaining Technology by Roger Koppl et al. This Element presents an innovative combinatorial model of technological change, testing it with 2,000 years of global GDP data and US patents filed between 1835 and 2010. The model explains the pace of technological change over the past two millennia, patent citations, and the increasing complexity of tools over time. The model reveals that combining and modifying existing goods to produce new ones generates the observed historical pattern of technological change. A period of stasis was followed by a sudden super-exponential growth in the number of goods, which the authors attribute to a combinatorial explosion occurring around 250 years ago. This event is seen as inevitable once the process began at least two thousand years ago. The Industrial Revolution is modeled as a combinatorial explosion within this framework, providing new insights into the nature of technological change and its impact on society.

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