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Technology is seen as primary source in economic development. [8] Technology advancement and economic growth are related to each other. The level of technology is important to determine the economic growth. It is the technological process which keeps the economy moving.
Positive economics is the study of existing (or historical) means of exchange- a social science such as sociology, history, and political sciences. Normative economics is the social technology because it attempts to create different kinds of economic arrangements.
The concept of a technological innovation system was introduced as part of a wider theoretical school, called the innovation system approach. The central idea behind this approach is that determinants of technological change are not (only) to be found in individual firms or in research institutes, but (also) in a broad societal structure in which firms, as well as knowledge institutes, are ...
The social construction of technological systems; new directions in the sociology and history of technology. Cambridge, Massachusetts, MIT Press. Michel Callon, Philippe Larédo, et al. (1992). "The management and evaluation of technological programs and the dynamics of techno-economic networks: The case of the AFME." Research Policy 21(3): 215 ...
Blacksmith at work, Nuremberg c. 1606 The anthropology of technology (AoT) is a unique, diverse, and growing field of study that bears much in common with kindred developments in the sociology and history of technology: first, a growing refusal to view the role of technology in human societies as the irreversible and predetermined consequence of a given technology's putative "inner logic"; and ...
Work on technological transitions draws on a number of fields including history of science, technology studies, and evolutionary economics. [2] The focus of evolutionary economics is on economic change, but as a driver of this technological change has been considered in the literature. [5]
A complex system is a system composed of many components which may interact with each other. [1] Examples of complex systems are Earth's global climate, organisms, the human brain, infrastructure such as power grid, transportation or communication systems, complex software and electronic systems, social and economic organizations (like cities), an ecosystem, a living cell, and, ultimately, for ...
The term technocracy is derived from the Greek words τέχνη, tekhne meaning skill and κράτος, kratos meaning power, as in governance, or rule.William Henry Smyth, a California engineer, is usually credited with inventing the word technocracy in 1919 to describe "the rule of the people made effective through the agency of their servants, the scientists and engineers", although the ...