Control, Information, and Technological Change

✍ Scribed by Gerald E. Flueckiger (auth.)

• Publisher: Springer Netherlands
• Year: 1995
• Tongue: English
• Leaves: 168
• Series: Economics of Science, Technology and Innovation 6
• Edition: 1
• Category: Library

✦ Synopsis

Information theory, cybernetics and the theory of finite automata are used to model learning-by-doing, bounded rationality, routine behavior, and the formation of teams. The non-neoclassical characterization of production developed in this book ignores the usual quantitative relationships between inputs and outputs and instead views production strictly as a problem of control and communication. The motivation for this unconventional characterization of production comes from Schumpeter's critique of neoclassical economic theory. Schumpeter argued that neoclassical economic theory, and the habits of thought engendered by it, was the major obstacle to acquiring an understanding of technological change. The non-neoclassical characterization of production developed in this book is in keeping with how economic historians describe specific technological changes and how they write technological histories about particular machines, firms or industries.

✦ Table of Contents

Front Matter....Pages i-xx
Control....Pages 1-23
Behavior: Perception and Execution....Pages 25-37
Learning to Make Distinctions....Pages 39-64
The Law of Requisite Variety....Pages 65-70
Behavior: Routines and Bounded Rationality....Pages 71-100
Information Theory and Coding....Pages 101-118
The Unit of Analysis Problem: Two Conjectures....Pages 119-134
Concluding Remarks....Pages 135-138
Back Matter....Pages 139-155

✦ Subjects

Economic Theory; Systems Theory, Control