Abstract

'This is a very good and important book that is must reading for anyone interested in evolutionary economics and/or the relationship between history and economics. In addition, you get a very well documented and argued interpretation of long run capitalist development from the industrial revolution to the present that will be a standard reference... a first rate contribution to the discussion of how evolutionary economics should develop.' -Journal of Evolutionary Economics 'The book offers numerous insights into particular aspects of technological change... Social theorists and policy advisors today need to be able to understand technological change in relation to cultural, political and economic life, and to situate contemporary developments in a longer term perspective. The authors provide a framework to do exactly that. Their book is a welcome demonstration of the usefulness of historical context for contemporary debates regarding science and technology policy.' -Business History '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 '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 andamp; Sciences, Emeritus Professor of Social and Economic History, Birkbeck College; Author of The Age of Extremes: The Short Twentieth Century 1914-1991The 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.