Date of Award
This thesis asks whether or not technological change needs to be explained by economic theory. The current academic literature is limited in providing theoretical account of the process of technological change. This thesis analyzes the economic theories of Adam Smith, Karl Marx, the neoclassical doctrine, and Joseph Schumpeter in their respective accounts of technological change. The theoretical frameworks of the different theories are critiqued in their ability to account for technological change. This leads to a discussion of whether purely subjective individual choices can lead to a theoretical account of technological change or if the decisions must be based within an objective order that shapes and motivates the decisions. A necessary part of this argument is whether or not history should be accounted for by economic theory. The analysis attempts to show what a theoretical account of the process of technological change must look like.
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Glenn, Kyle, "The Role of Technological Change in Economic Theory" (2014). Restricted Access ETDs. 37.
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