The Economics of Power, Knowledge and Time (New Horizons in the Economics of Innovation Series)
Michele JavaryISBN: 1840646314;
?This is a remarkable and highly original book. Not since Shackle has anyone made such an interesting study of the role of time in economics, and not since Marx has anyone tackled the question of the turnover time of capital in the context of political power, and the role of knowledge in relation to that power. Many books in economics are marginal in both senses of the word ? they are in the marginalist neo-classical tradition, and they add little to the body of knowledge. This book is not marginal in either sense: it tackles some of the most fundamental questions in economic theory and it adds a great deal to our knowledge about them.? ? From the foreword by Christopher Freeman, SPRU ? Science and Technology Policy Research, University of Sussex, UK and Maastricht University, The Netherlands This book examines the significance of technological, organisational and institutional change as crucial factors in the analysis of the turnover time of capital....
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