Control, Information and Technological Change
Book Details
Format
Hardback or Cased Book
Book Series
Economics of Science, Technology and Innovation
ISBN-10
0792336674
ISBN-13
9780792336679
Publisher
Kluwer Academic Publishers
Imprint
Kluwer Academic Publishers
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 30th, 1995
Print length
176 Pages
Product Classification:
EconomicsIndustry & industrial studiesIndustry and industrial studiesApplied mathematics
Ksh 18,000.00
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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.
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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