We do two things in this paper. First, we put forward some elements of a microeconomic theory of technological evolution. This involves adding nascent (essentially undiscovered) technologies to the existing technologies of neoclassical production theory, and, more importantly, expanding the...

Identifying the elements of physical and organizational infrastructure most important for technological innovation is challenging for at least two reasons: measuring technological innovation is difficult; and establishing causality is difficult. In this paper, we partially address these paired...

Technology = Recipes -- The advance of code. Jobs : divide and coordinate ; Code : "This is the procedure" ; Machines : "The universal character" ; Computers : predicting the weather -- Code economics. Substitution : the great Man-vs-Machine Debate ; Information : "Reliable circuits using crummy...

Large countries with burgeoning populations such as China, India, and Brazil have economies that have grown exponentially over the last few decades, and projections indicate that they will continue to do so for some time to come. Philip Auerswald's The Coming Prosperity argues that this...