The Firm and Technological Change: From Managerial Capitalism to Nineteenth-Century Innovation and Back Again
نویسنده
چکیده
What roles do firms play in technological change? A new technique involves interests uch as profit and growth. It also involves new knowledge. Just as economic development for Joseph Schumpeter is a new combination of existing elements [1961, pp. 65-66], so technological change combines and develops existing knowledge. To learn what roles firms play in generating (or blocking) technical change, we must study how knowledge is socially distributed and how firms acquire xisting knowledge needed to innovate or spread knowledge to other innovators. 1
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