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Course Description

Summary

This course explores the tendencies and causes of economic growth in capitalism, with a focus on the role of technology. Students will investigate a variety of ways of understanding technology’s relation to economic growth, notable among these being four major paradigms and traditions in economic theory: Neoclassical, Schumpeterian, Endogenous Growth, and Marxian. Examining these theories and various sources of technological change—such as RD, learning-by-doing, and shifts in human capital—will inform discussions of the political economy of technology within current economic systems, taking a comparative perspective. The profound social, political, and cultural consequences of these dynamics will also be examined.