Technology and Innovation–Lessons from the Dismal Science
BS Tan - Economics and Society, 2017 - papers.ssrn.com
Economics and Society, 2017•papers.ssrn.com
This article discusses some facets of technological innovation well known to contemporary
economists and provides a useful basis to think rigorously about some societal problems
arising from innovation. I review the role of innovation and economic growth, the evolution of
the concept of disruptive technology, and the debate about technological unemployment. I
hope to provide the lay person a more balanced view about technology and innovation in a
time when news stories focus more on news worthiness than rigor.
economists and provides a useful basis to think rigorously about some societal problems
arising from innovation. I review the role of innovation and economic growth, the evolution of
the concept of disruptive technology, and the debate about technological unemployment. I
hope to provide the lay person a more balanced view about technology and innovation in a
time when news stories focus more on news worthiness than rigor.
Abstract
This article discusses some facets of technological innovation well known to contemporary economists and provides a useful basis to think rigorously about some societal problems arising from innovation. I review the role of innovation and economic growth, the evolution of the concept of disruptive technology, and the debate about technological unemployment. I hope to provide the lay person a more balanced view about technology and innovation in a time when news stories focus more on news worthiness than rigor.
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