The Economics of Speed: Machine Speed as the Key Factor in Productivity

Download or read book The Economics of Speed: Machine Speed as the Key Factor in Productivity written by Bernard C. Beaudreau and published by Springer. This book was released on 2019-08-07 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.