As Time Goes By: From the Industrial Revolutions to the Information Revolution

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9780199241071: As Time Goes By: From the Industrial Revolutions to the Information Revolution
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The Internet and mobile telephones have made everyone more aware than ever of the computer revolution and its effects on the economy and society. 'As Time Goes By' puts this revolution in the perspective of previous waves of technical change: steam-powered mechanization, electrification, and motorization. It argues for a theory of reasoned economic history which assigns a central place to these successive technological revolutions.

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About the Author:


Chris Freeman is Emeritus Professor at SPRU, University of Sussex. After studying at the London School of Economics, he later took up the position of Research Fellow at the National Institute of Economic and Social Research, London (1959-66) before becoming Director of the Science Policy Research Unit at the University of Susex (1966-81). His most recent position was Visiting Professor at the University of Limburg in Maastricht (1986-96). He is the author of numerous books including 'The Economics of Industrial Innovation' (with L. Soete, Pinter, 1997); 'Work for All or Mass Unemployment: Computerised Technical Change into the 21st Century' (with L. Soete, Pinter, 1994); and 'Technology and Economic Performance: Lessons from Japan' (Pinter, 1987). Francisco Louçã is Professor of Economics in the Faculty of Economics and Management at the ISEG, Lisbon. He obtained his Ph.D. in Economics at the University of Lisbon under the supervision of Chris Freeman, subsequently publishing his thesis in both English and Portuguese ('Turbulence in Economics', Edward Elgar 1997). In 1999 he was elected Member of Parliament in Portugal, and serves in the Economic and Budgetary Commission.

Review:

`This major contribution to economic history is the most impressive and convincing attempt I know to apply the concept of the 'long waves', a basic rhythm of historical development in the era of capitalism, to the entire stretch from eighteenth-century Lancashire to twenty-first-century
Silicon Valley. It is also a call for economic history to escape from the handcuffs of narrow retrospective econometrics to the freedom of its vocation: understanding and explaining secular historical transformations.'
Eric Hobsbawm FBA, American Academy of Arts and Sciences, Emeritus Professor of Social and Economic History, Birkbeck College; Author of The Age of Extremes: The Short Twentieth Century 1914-1991

`. . . a true story has to make sense, to be plausible and persuasive. Cleverness is less useful than sense and sensibility. The inability to see this, to avoid showing off, has been the death of more than one pyrotechnic schema. This book is testimony to knowledge and good sense. Such virtues
are rare and that much more valuable.'
David Landes, Professor of History and Economics, Harvard University, Emeritus; Author of The Wealth and Poverty of Nations

`A thought-provoking work that is valuable for more than its detailed account of the technological revolutions that shape our economy today. By directing our attention to a perspective outside the current wave, it shapes our thinking about events inside the current wave.'
Academy of Management Review, 27(2)

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