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The Future of Economic Growth
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The Future of Economic Growth

As New Becomes Old

9781843766070 Edward Elgar Publishing
Robert Boyer, Senior Researcher, Centre National de la Recherche Scientifique (CNRS), Professor Directeur d’Études, École des Hautes Études en Sciences Sociales (EHESS) and Economist, Centre d’Études Prospectives d’Économie Mathématique Appliquées à la Planification (CEPREMAP), Paris, France
Publication Date: April 2004 ISBN: 978 1 84376 607 0 Extent: 192 pp
In this book, Robert Boyer follows the origins, course and collapse of the ‘new economy’ and proposes a new interpretation of US dynamism during the 1990s. He argues that the diffusion of information and communication technologies is only part of a story that also requires understanding of the transformation of the financial system, the reorganization of the management of firms and the emergence of a new policy mix. The book includes a long-term retrospective analysis of technological innovation, and an international comparison of OECD countries delivers an unconventional and critical assessment of the hope and the hype of the ‘new economy’.

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In this book, Robert Boyer follows the origins, course and collapse of the ‘new economy’ and proposes a new interpretation of US dynamism during the 1990s. He argues that the diffusion of information and communication technologies is only part of a story that also requires understanding of the transformation of the financial system, the reorganization of the management of firms and the emergence of a new policy mix. The book includes a long-term retrospective analysis of technological innovation, and an international comparison of OECD countries delivers an unconventional and critical assessment of the hope and the hype of the ‘new economy’.

The book proposes that the US way is not necessarily the only efficient one, as demonstrated by the experience of the Nordic countries, which manage to combine economic efficiency with social justice. The author argues that European economies would do well to take note and to explore a promising growth regime for the twenty-first century, one built upon health, education, training and leisure, this comprising the ‘anthropogenetic model’.

The Future of Economic Growth is a challenging and thought-provoking book, and as such will be of interest to many academics, researchers and students within the field of economics. It will be particularly relevant to those with an interest in macroeconomics, industrial organisation and the theory of the firm, and growth theory.
Critical Acclaim
‘The work is thought provoking in its analytical part and is also stimulating in its normative-political end, which advocates an institutional architecture wherein growth in a knowledge-based economy could be driven by collective services such as health and education. . . a challenging interpretation of the contemporary political economy.’
– Giovanni Dosi, Journal of Economic Literature

‘How significant was the internet boom and bust? Robert Boyer brings significant and fresh insight to efforts to situate the meaning of the digital transformation through which we are living. With analytic discipline and historical perspective, Boyer provides an important interpretation that will be valuable to scholar and teacher, those just curious about the internet development and those who lived through it.’
– John Zysman, University of California, Berkeley, US
Contents
Contents: Preface Introduction 1. A Social Construct and an Analytical Challenge 2. Microeconomic Instability and an Uncertain Organizational Model 3. A Growth Regime Driven by Information and Communications Technology? 4. Genealogy of the ‘New Economy’: The Institutional Change at the Heart of the US Trajectory 5. The Geography of the ‘New Economy’: The Diversity of Institutional Architectures 6. 2000–2002: Reassessing the Potential of ICT-driven Growth 7. The Long-term Historical Outlook after the Internet Bubble 8. The Emergence of an Anthropogenetic Model 9. Conclusion Bibliography Index

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