Explaining Technology
Book Details
Format
Paperback / Softback
Book Series
Elements in Evolutionary Economics
ISBN-10
1009386255
ISBN-13
9781009386258
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Aug 31st, 2023
Print length
75 Pages
Weight
144 grams
Dimensions
15.10 x 22.80 x 0.80 cms
Ksh 3,250.00
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This Element develops an innovative combinatorial model of technological change and tests it with 2,000 years of data from global GDP data and US patents, thus generating the observed historical pattern of technological change. This Element models the Industrial Revolution as a combinatorial explosion.
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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