In this book, Robert Boyer follows the origins, course and collapse of the 'new economy' and proposes a new interpretation of US dynamism during the 1990s. He argues that the diffusion of information and communication technologies is only part of a story that also requires understanding of the transformation of the financial system, the reorganization of the management of firms and the emergence of a new policy mix. The book includes a long-term retrospective analysis of technological innovation, and an international comparison of OECD countries delivers an unconventional and critical assessment of the hope and the hype of the 'new economy'. The book proposes that the US way is not necessarily the only efficient one, as demonstrated by the experience of the Nordic countries, which manage to combine economic efficiency with social justice. The author argues that European economies would do well to take note and to explore a promising growth regime for the twenty-first century, one built upon health, education, training and leisure, this comprising the 'anthropogenetic model'.The Future of Economic Growth is a challenging and thought-provoking book, and as such will be of interest to many academics, researchers and students within the field of economics. It will be particularly relevant to those with an interest in macroeconomics, industrial organisation and the theory of the firm, and growth theory.
Robert Boyer, Senior Researcher, Centre National de la Recherche Scientifique (CNRS), Professor Directeur d’Études, École des Hautes Études en Sciences Sociales (EHESS) and Economist, Centre d’Études Prospectives d’Économie Mathématique Appliquées à la Planification (CEPREMAP), Paris, France
Contents: Preface Introduction 1. A Social Construct and an Analytical Challenge 2. Microeconomic Instability and an Uncertain Organizational Model 3. A Growth Regime Driven by Information and Communications Technology? 4. Genealogy of the ‘New Economy’: The Institutional Change at the Heart of the US Trajectory 5. The Geography of the ‘New Economy’: The Diversity of Institutional Architectures 6. 2000–2002: Reassessing the Potential of ICT-driven Growth 7. The Long-term Historical Outlook after the Internet Bubble 8. The Emergence of an Anthropogenetic Model 9. Conclusion Bibliography Index
'The work is thought provoking in its analytical part and is also stimulating in its normative-political end, which advocates an institutional architecture wherein growth in a knowledge-based economy could be driven by collective services such as health and education. . . a challenging interpretation of the contemporary political economy.'