A Short Overview of the Political Economy Of Technological Change Cover Image

Kratki pregled političke ekonomije tehnoloških promjena
A Short Overview of the Political Economy Of Technological Change

Author(s): MARKO GRDEŠIĆ
Subject(s): Political history, Social history, Political behavior, Political economy, History and theory of political science
Published by: Fakultet političkih znanosti u Zagrebu
Keywords: Technology; Innovation; Political Economy; Capitalism; Inequality;

Summary/Abstract: Technological change is one of the most important forces shaping modern‎ society. Which perspectives can help us understand technological change, especially ‎from a political economy lens? The first part of this article provides a ‎basic overview of debates that shaped this scientific field, starting with nineteenth ‎century British political economy. Liberal political economists as well ‎as their critics of the time both saw the machinery question as a paramount‎ challenge to British society, especially with regard to the problem of technological‎ unemployment. The second part of the article turns to neoclassical ‎economics and the conceptual tools that it uses to understand technology. Critiques ‎of the neoclassical approach are also included, of which Schumpeter’s‎ critique is the most important. The third part of the article turns to the contemporary‎ literature on “skill-biased technological change” which rewards those ‎that have the skills that complement digital technology and punishes those ‎that do not.‎

  • Issue Year: LX/2023
  • Issue No: 04
  • Page Range: 115-135
  • Page Count: 21
  • Language: Croatian