Monthly Archives: May 1997

Theories of Economic Obsolescence, Revisited

May 15, 1997

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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