Technical progress and technological change
The aim of this Chapter is to clarify some aspects of our theoretical framework of production based on compound technologies; namely, the meaning of technical and technological progress, the differences between these two concepts, and the implications of the choice of technology for the price-distribution system and the growth process. Such a theoretical setting has profound implications for the analysis of technological change. The models put forward in the previous Chapters in which non-produced means of production (Npmp) play a key role, imply an autonomous and partially new taxonomy of technological and technical progress. This novelty may rise some doubts among those used to the traditional technological classifications.
KeywordsTechnological Change Technological Progress Technical Progress Internal Rate Active Technique
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