1 thought on “What we get wrong about technology”

  1. Posted 12/04/2018 at 12:16 | Permalink

    I have another example on the lines of the electric motor and factory re-organisation. In the late 1950s the motorway was a technological revolution in UK transport, but as such it had little impact when cars were Morris Minors and trucks ambling Comets. To be effective, motorways required technical progress in auto technology and also in logistics and labour relations in the haulage industry. All this took time. Probably because of these and other factors, OECD’s research was unable to detect the motorway network impacting on the growth rate of the UK economy. See my paper in Economic Affairs, 35,1.

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