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Knowledge and Technological Change in Different Schools of Economic Thought

Author

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  • Alfredo Felix Blanco

    (Departamento de Economia y Finanzas, Universidad Nacional de Cordoba, Argentina)

Abstract

A thorough analysis of current capitalism requires a proper understanding of the dynamics of technological changes and its effects on the economy. Innovation is fundamental for less developed capitalist economies to reducing the gap between them and the core capitalist countries. In this paper, a brief review of the different analytical perspectives used by economic schools throughout history to analyse the topic of technology is made. The relevance of technological changes had different levels of importance at different historical moments. The ideas of the classical economists (Smith, Ricardo, etc.), the socialists and Marx, Schumpeter’s ideas, the neo-classical school, the Keynesian view and some ideas from Latin America, are considered in this paper.

Suggested Citation

  • Alfredo Felix Blanco, 2019. "Knowledge and Technological Change in Different Schools of Economic Thought," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 5-14, March.
    • Handle: RePEc:nwe:eajour:y:2019:i:1:p:5-14
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    More about this item

    Keywords

    classical economists; Marx; Schumpeter; Keynes; technological change;
    All these keywords.

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General

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