Technology and economic theory

Technology and Economic Theory

Recent applications of economic theory in information Technology research

Academicians and practitioners are becoming increasingly interested in the economics of Information Technology (IT). In part, this interest stems from the increased role that IT now plays in the strategic thinking of most large organizations, and from the significant dollar costs expended by these organizations on IT. Naturally enough, researchers are turning to economics as a reference discipl...

Economic Crisis and Economic Theory

Two dynamic general equilibrium economies compete in explaining the United States’interwar business cycles. Despite the demand driven contender’s slight advantages, the results remain too close to call a clear winner.

science and technology diplomacy model based on the economic complexity

Background and Aim: The history of the evolution of human societies indicates the important and civilizing role of science and technology in the formation of economic, social, cultural, and political relations. Along with the increasing speed and development of science and technology, economic, social, cultural, and political concepts and approaches have also changed and played a more colorful ...

Information Technology and Economic Reorganization

Information Technology (IT) can support or even cause changes in the structure of industries and the relationships between firms. Yet, at present, we lack the vocabulary and theory to explain or predict these changes. Drawing on recent work in the resource-based theory of the firm, we propose that shifts in resource values are central to economic restructuring. We show how IT can operate to shi...