Robert Atkinson examines this process of change over the past 150 year and explores the responses of people and institutions. The book then analyzes today's New Economy, including the technology system, and effects on markets, organizations, workers, and governance.

The digitally-enabled economy is unleashing a new wave of change, something we are only just beginning to feel and understand. The economic evidence shows that this innovation the development and adoption of new products, services, processes and business models is vital to support rising living standards. But making the political case for the progressive power of innovation, and the digital economy, can be more challenging. The forces of creative destruction threaten incumbent firms, jobs, and the way people work and live, creating strong incentives to oppose change. Confronting these hard...