The Economics of Speed Machine Speed as the Key Factor in Productivity Bernard 303026713X 9783030267131

The Economics of Speed Machine Speed as the Key Factor in Productivity Bernard C. Beaudreau – Ebook Instant Download/Delivery ISBN(s): 303026713X, 9783030267131

Product details:

• ISBN 10: 303026713X
• ISBN 13: 9783030267131
• Author: Bernard C. Beaudreau

This is the first book to examine the “nuts and bolts” of production processes. It proposes a truly consilient approach to modeling production processes – one that goes beyond the vague principles found in standard economics – and provides details that are consistent with the applied mechanics and engineering literature. Providing a credible analysis of some of the most pressing questions of our era, such as the productivity slowdown and the information paradox, and bridging the gap between engineering, applied physics, economics, and management science, this book is a fascinating read for anyone interested in industry, the modern economy, and how physical factors constrain productivity growth.

Table of contents:

1. Introduction

2. The Magic Hand of Speed: A Historical Account

3. The Kinetics Approach to Production

4. Speed-ups: Logistics and Profitability

5. The End of the Age of Speed and the Productivity Slowdown

6. Machine Speed and the Great Depression

7. Summary and Conclusions

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