Finance and Technological Change
Subtitle: Theory and Evidence
Publisher: Palgrave Macmillan
Published: January 15, 1996
Language: eng
Format: Hardcover
Number of pages: 192
ISBN-13: 9780312128524
Subjects: Economics - Theory; Industries - General; Business & Economics / Economics / General; Corporate Finance; Business / Economics / Finance; Finance; Technological Innovations; Business/Economics
Description: After the mid-1970s - when technology revealed itself as the driving force of a process of restructuring and innovation involving most industries in developed countries - economic theory underwent a profound revision in the attempt to explain this process.

The present book is an attempt to broaden the economic explanation of technological change, moving from the assumption that development and diffusion of new technologies are closely related to the financial arrangements and institutions which prevail in any given historical period.