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Technology and Innovation – Lessons from the Dismal Science

Economics and Society, Vol. 3 (2017)

6 Pages Posted: 21 Feb 2017 Last revised: 19 Dec 2017

See all articles by Boon Seng Tan

Boon Seng Tan

Nanyang Technological University - Nanyang Centre for Public Administration

Date Written: February 20, 2017

Abstract

This article discusses some facets of technological innovation well known to contemporary economists and provides a useful basis to think rigorously about some societal problems arising from innovation. I review the role of innovation and economic growth, the evolution of the concept of disruptive technology, and the debate about technological unemployment. I hope to provide the lay person a more balanced view about technology and innovation in a time when news stories focus more on news worthiness than rigor.

Keywords: innovation, economic growth, disruptive technology, technological unemployment

JEL Classification: O31, J21

Suggested Citation

Tan, Boon Seng, Technology and Innovation – Lessons from the Dismal Science (February 20, 2017). Economics and Society, Vol. 3 (2017), Available at SSRN: https://ssrn.com/abstract=2919223 or http://dx.doi.org/10.2139/ssrn.2919223

Boon Seng Tan (Contact Author)

Nanyang Technological University - Nanyang Centre for Public Administration ( email )

S3.2-B4
50 Nanyang Avenue
Singapore, 639798
Singapore

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