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Institutions, ”Social Technologies”, and Economic Progress

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  • Richard Nelson

Abstract

This paper aims to put together two strands of economic analysis. One is concerned with technological progress as the key driving force behind economic development. The other is concerned with the role of institutions in shaping economic activity, and with how institutions change in the process of economic development. The argument developed in the paper is that technologies and institutions co-evolve.

Suggested Citation

  • Richard Nelson, 2007. "Institutions, ”Social Technologies”, and Economic Progress," Globelics Working Paper Series 2007-03, Globelics - Global Network for Economics of Learning, Innovation, and Competence Building Systems, Aalborg University, Department of Business and Management.
    • Handle: RePEc:aal:glowps:2007-03
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    File URL: https://papers.globelics.org/wp-content/uploads/2018/07/GWP2007.03.pdf
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    References listed on IDEAS

    as
    1. Freeman, Chris & Louca, Francisco, 2002. "As Time Goes By: From the Industrial Revolutions to the Information Revolution," OUP Catalogue, Oxford University Press, number 9780199251056.
    2. Giovanni Dosi & Christopher Freeman & Richard Nelson & Gerarld Silverberg & Luc Soete (ed.), 1988. "Technical Change and Economic Theory," LEM Book Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number dosietal-1988, November.
    3. Nelson, Richard R, 1998. "The Agenda for Growth Theory: A Different Point of View," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(4), pages 497-520, July.
    4. North, Douglass C., 1971. "Institutional Change and Economic Growth," The Journal of Economic History, Cambridge University Press, vol. 31(1), pages 118-125, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Institutions; technologies; co-evolution; economic development;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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