By Luke Georghiou, Janet Evans, Tim Ray, J.Stanley Metcalfe, Michael Gibbons
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Technological IIIIIOI'aticm (W . W. Norton, 1968). For the most recent studies or diffusion, sec, for example, E. Mansfield, et al. The Production and Application (ll' Nell' Industria! Technology (W. W Norton, 1977), esp. chaps 6 and 7; S. Davies, The Diffusion (II' Process Innovations Cambridge University Press, 1979); L. Nabseth, 'The Diffusion or Innovations in Swedish Industry', in B. R. ) Science and Technology ill Economic Growth (Macmillan, 1973); and papers by M . J . Baker, B. Gold, and J.
Gold, and J. Hayward in M. ) Industrial Innovation (Macmillan, 1979). Sec L. Nabseth, and G. Ray, the Diffusion of Nell' Industrial Processes (Cambridge University Press, 1974); B. ( Industrial Economics, 24, 247, 1981. J . 81-6. Sec for example J. J. Van Duijn 'The Long Wave in Economic Lire', De &0IIOmist,/24, 544, 1977. An important exception is N. Rosenbe~g, Perspectives Oil Technology (Cambridge University Press , (976) chap. II. J . Schumpctcr, Business Cycles (McGraw Hill , 1939); S. Kuznets, Economic Change (Heinemann, (954); A.
Indeed he argued that 'the technical arts of production are simply to be grouped among the given factors influencing the relative scarcity of different economic goods' and furthermore that 'so long as we remain within the ambit of any definition of the subject matter of Economics in terms of the causes of material welfare, the connection between Economics and the technical arts of production must remain hopelessly obscure'. 14 Associated with this perspective is a concept of competition which is entirely passive and is to be understood in terms of the effect of the institutional organisation of markets upon the relationship between the prices and costs of production of given commodities.