Why read Economic Transformations?

Book cover of Economic Transformations: General Purpose Technologies and Long-Term Economic Growth

Book description

This book examines the long term economic growth that has raised the West's material living standards to levels undreamed of by counterparts in any previous time or place. The authors argue that this growth has been driven by technological revolutions that have periodically transformed the West's economic, social and political…

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Why read it?

1 author picked Economic Transformations as one of their favorite books. Why do they recommend it?

Richard G. Lipsey

Author

While all the books listed earlier provide detailed, in-depth, case studies of public-private sector cooperation in developing selected new technologies, the last two chapters of this book provide necessarily brief coverages of the myriad ways in which this cooperation had been successfully manifested beyond encouraging specific technologies.

Although the book’s main purpose is to show how a series of important technologies have transformed economic, social, and political life over the millennia, the last two chapters show how knowledge of these transformations sheds light on the wider use of public policy to achieve economic goals.

While many public initiatives have succeeded,…

From Richard's list on The best books on how private and public sector enterprises combine to produce new growth-creating technologies.