Sunday , December 22 2024
Home / Real-World Economics Review / Commodification of science and technology

Commodification of science and technology

Summary:
From Maria Alejandra Madi At the beginning of XX century, Joseph Schumpeter developed the concept of creative destruction  to characterize the waves of development based on clusters of innovations -both technical and institutional. In the last decades, these waves have included petrochemical products, automobiles, information technologies and biotechnologies, especially genetic modification. Looking back, throughout the postwar era in advanced Western societies, scientific research and technological development included research councils, scientific advisory boards, expert commissions and specialized government agencies in different areas, such as health, agriculture and especially atomic energy. The target was to transform the scientific and technological development in a profitable process. As a result, for instance, new kinds of chemical products have been introduced, especially fertilizers, insecticides and additives used in food production. Accordingly Eric Hobsbawn (1997), deep concerns turned out to grow because of the social implications of these scientific and technological trends in the 1960s.  Indeed, in Western societies, signals of social discontent included the critique of science and technology applied to military targets, and of the deleterious effects of automation technologies on labour and working conditions.

Topics:
Editor considers the following as important:

This could be interesting, too:

Dean Baker writes Health insurance killing: Economics does have something to say

Lars Pålsson Syll writes Debunking mathematical economics

John Quiggin writes RBA policy is putting all our futures at risk

Merijn T. Knibbe writes ´Extra Unordinarily Persistent Large Otput Gaps´ (EU-PLOGs)

from Maria Alejandra Madi

At the beginning of XX century, Joseph Schumpeter developed the concept of creative destruction  to characterize the waves of development based on clusters of innovations -both technical and institutional. In the last decades, these waves have included petrochemical products, automobiles, information technologies and biotechnologies, especially genetic modification.

Looking back, throughout the postwar era in advanced Western societies, scientific research and technological development included research councils, scientific advisory boards, expert commissions and specialized government agencies in different areas, such as health, agriculture and especially atomic energy. The target was to transform the scientific and technological development in a profitable process. As a result, for instance, new kinds of chemical products have been introduced, especially fertilizers, insecticides and additives used in food production.

Accordingly Eric Hobsbawn (1997), deep concerns turned out to grow because of the social implications of these scientific and technological trends in the 1960s.  Indeed, in Western societies, signals of social discontent included the critique of science and technology applied to military targets, and of the deleterious effects of automation technologies on labour and working conditions.  In addition, high concern also arose on behalf of health and environmental costs that resulted from the widely-used chemical in agriculture.  Read more

Leave a Reply

Your email address will not be published. Required fields are marked *