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The Economics of Speed: Machine Speed as the Key Factor in Productivity

Bernard C. Beaudreau

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Springer International Publishing img Link Publisher

Naturwissenschaften, Medizin, Informatik, Technik / Sonstiges

Beschreibung

This is the first book to examine the “nuts and bolts” of production processes. It proposes a truly consilient approach to modeling production processes – one that goes beyond the vague principles found in standard economics – and provides details that are consistent with the applied mechanics and engineering literature. Providing a credible analysis of some of the most pressing questions of our era, such as the productivity slowdown and the information paradox, and bridging the gap between engineering, applied physics, economics, and management science, this book is a fascinating read for anyone interested in industry, the modern economy, and how physical factors constrain productivity growth.


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Schlagwörter

Role of Labor and Capital in Material Processes, Economies of Speed, Machine Speed, Productivity Slowdown, Productivity Growth, Consilient Models of Material Processes, Engineering Economics, Machine Speed-Ups, History of Productivity Growth