OUTTAKE: The Heart of the Information Economy

An outtake left on the cutting room floor from the ms. of "Slouching Towards Utopia?: An Economic History of the Long 20th Century: One set of lenses with which to view the technological core of modern economic growth brings into focus General Purpose Technologies: those technologies where advances change, if not everything, a lot, as they ramify across sector upon sector.... In the 1950s there came another GPT. Electricity was no longer a sector, for it was everywhere. But there emerged something called “microelectronics”...

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