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Long waves and information technologies - on the transition towards the information society

Göransson, Bo LU and Söderberg, Johan (2005) In Technovation 25(3). p.203-211
Abstract
In this paper we argue that Long Wave Theory provides a useful conceptual tool for understanding the transition from the industrial to the, post-industrial economy. While economic theories struggle to fully explain the structural changes involved in the shift towards the information economy, long wave theory offers a promising avenue for understanding the complex relationship between technology and economic development. However, a central aspect of long wave theory-the key factor-is still ambiguously dealt with in the theory and in need of further refinement. We argue that the role of the key factor in long wave theory goes beyond providing economic signals in a technological system as contended by some proponents of long wave theory. Only... (More)
In this paper we argue that Long Wave Theory provides a useful conceptual tool for understanding the transition from the industrial to the, post-industrial economy. While economic theories struggle to fully explain the structural changes involved in the shift towards the information economy, long wave theory offers a promising avenue for understanding the complex relationship between technology and economic development. However, a central aspect of long wave theory-the key factor-is still ambiguously dealt with in the theory and in need of further refinement. We argue that the role of the key factor in long wave theory goes beyond providing economic signals in a technological system as contended by some proponents of long wave theory. Only to a secondary, and diminishing, degree, will the key factor serve as an economic indicator in an economy progressing towards less dependence on raw material and more on application of knowledge-intensive and regenerative technologies. Considered in this way, the future pattern of long waves is more likely to be accentuated than to abate. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
technological, systems, innovation, long waves, information society, information technologies, techno-economic paradigm
in
Technovation
volume
25
issue
3
pages
203 - 211
publisher
Elsevier
external identifiers
  • wos:000226485200004
  • scopus:10844282658
ISSN
1879-2383
DOI
10.1016/S0166-4972(03)00115-9
language
English
LU publication?
yes
id
f06ff2ca-da00-4726-9fdc-b81a703a063f (old id 255027)
date added to LUP
2007-08-16 13:37:32
date last changed
2017-06-18 03:40:20
@article{f06ff2ca-da00-4726-9fdc-b81a703a063f,
  abstract     = {In this paper we argue that Long Wave Theory provides a useful conceptual tool for understanding the transition from the industrial to the, post-industrial economy. While economic theories struggle to fully explain the structural changes involved in the shift towards the information economy, long wave theory offers a promising avenue for understanding the complex relationship between technology and economic development. However, a central aspect of long wave theory-the key factor-is still ambiguously dealt with in the theory and in need of further refinement. We argue that the role of the key factor in long wave theory goes beyond providing economic signals in a technological system as contended by some proponents of long wave theory. Only to a secondary, and diminishing, degree, will the key factor serve as an economic indicator in an economy progressing towards less dependence on raw material and more on application of knowledge-intensive and regenerative technologies. Considered in this way, the future pattern of long waves is more likely to be accentuated than to abate.},
  author       = {Göransson, Bo and Söderberg, Johan},
  issn         = {1879-2383},
  keyword      = {technological,systems,innovation,long waves,information society,information technologies,techno-economic paradigm},
  language     = {eng},
  number       = {3},
  pages        = {203--211},
  publisher    = {Elsevier},
  series       = {Technovation},
  title        = {Long waves and information technologies - on the transition towards the information society},
  url          = {http://dx.doi.org/10.1016/S0166-4972(03)00115-9},
  volume       = {25},
  year         = {2005},
}