The Economics of Power, Knowledge and Time

ISBN-13: 9781840646313 / Angielski / Twarda / 2002 / 192 str.

Michèle Javary

Opis

This text systematically analyses the micro-foundations of capital and technological innovation in a way that takes into account the dynamics of the relationships between knowledge and time, power and knowledge and power and time. It treats capital as a socio-economic phenomenon - one that is intimately linked to knowledge and to the scope of the options available for future economic development. It highlights the essential role of money-capital circulation time in forging the character of socio-economic institutions and their consequences for the selection of new technologies and for labour. Technological change in the electricity industry in the UK provides historical material for a reinterpretation of the insights of Commons, Marx, Veblem and others and of the implications of market liberalization.