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11 - The United States as Radical Innovation Driver: The Politics of Declining Dominance?

from IV - The American Knowledge Economy

Published online by Cambridge University Press:  29 October 2021

Jacob S. Hacker
Affiliation:
Yale University, Connecticut
Alexander Hertel-Fernandez
Affiliation:
Columbia University, New York
Paul Pierson
Affiliation:
University of California, Berkeley
Kathleen Thelen
Affiliation:
Massachusetts Institute of Technology
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Summary

Perhaps the most extraordinary contribution of the United States since the late nineteenth century has been as driver of the three great successive waves of radical technological and techno-organizational innovation through the subsequent 120 or so years. Economic historians often refer to these three waves respectively as the Scientific Revolution (late nineteenth and early twentieth century);1 the Fordist Revolution (1920s to the 1970s); and the ICT Revolution (1980s on).2 (They were preceded by the first wave, the so-called Industrial Revolution, based on iron, steam, coal and textiles, and centered on the UK, which had taken place from the late eighteenth through the mid nineteenth century.) By driver of radical innovation is meant the carrier-through of these innovation waves across society, typically from research to the rapid scaling-up of giant companies. The USA has also been central to scientific inventions.

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Chapter
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The American Political Economy
Politics, Markets, and Power
, pp. 323 - 350
Publisher: Cambridge University Press
Print publication year: 2021

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