Notes on the Economics of Technical Progress
Technical progress is a large subject, involving the whole history of the human race. We are here concerned only with changes of methods of production in a developed capitalist system, and our argument will apply to piecemeal innovations, not to great technical revolutions which transform a whole society and make comparisons between its present and its former state more or less meaningless.
KeywordsReal Wage Technical Progress Capital Good Real Wage Rate Relative Factor Price
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