Monthly Archives: May 1997

Theories of Economic Obsolescence, Revisited

May 15, 1997
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This paper reviews some early technological theories of competitiveness and (what often is left out of account) the obverse side of the coin: economic obsolescence. The implications of technological change, industrial head starts and the causes of economic backwardness were analyzed above all by American economists in the mid-19th century who no longer are...

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