The Theory of Technology Evolution

The Theory of Technology Evolution

by Laurie Thomas Vass
The Theory of Technology Evolution

The Theory of Technology Evolution

by Laurie Thomas Vass


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The underlying fundamental human behavior being investigated in technology evolution is how the human brain processes information in the presence of a novel event.

Predicting the direction of technology depends on predicting what humans are going to do when they first see a new, radical product.

The brain, in this case, is aiming at individual sovereignty, or as biologists may interpret the behavior, individual control over the environment.

There are two different brain processes that are relevant to the theory of technology evolution. One process is in the brain of the owner of the firm, the first time she sees a new product or new production technique.

The other brain process is the consumer, the first time she sees a radical new product for the first time, and tries to imagine how that product may fit into her welfare function.

The brain is acting, in a biological way, as the “searching/ selection” mechanism for the product mutation/innovation process.

Product Details

ISBN-13: 9781513643960
Publisher: Gabby Press
Publication date: 02/08/2019
Pages: 138
Product dimensions: 6.00(w) x 9.00(h) x 0.30(d)

About the Author

Laurie Thomas Vass is the General Partner of the Citizens Liberty Party.
She is a regional economist and constitutional economist. She is a natural rights conservative, and the leader of a national political movement to re-connect a new constitution to the principles of individual liberty stated in the Declaration of Independence.
She is a graduate of the University of North Carolina at Chapel Hill, with an undergraduate degree in Political Science and a Masters degree in Regional Planning.
She was a solo practitioner registered investment advisor for 30 years. She was cited by Peter Tanous, in The Wealth Equation, as one of the top 100 private money managers in the nation.
She is the inventor and holder of a research method patent on selecting technology stocks for investment.
She is the author of 10 books and over 100 scholarly articles on the Social Science Research Network author platform, and is currently ranked in the top 1.3% of over 415,000 economic authors, worldwide, on the SSRN platform.
In addition to her interest in economics, she also has an interest in North Carolina history and public policy issues. Many of her articles and books about North Carolina are archived in the Carolina Collection at Wilson Library at UNC.
She has an interest in the topic of entrepreneurship. One of her early economic research papers, written for the North Carolina Department of Labor, included the policy guidelines for creating what eventually became The North Carolina Council For Entrepreneurial Development.
Prior to starting her investment advisory company, she was a regional economist and advisor to the Board of Directors of B. C. Hydro, and also served as an economic advisor to the N. C. Commissioner of Labor. She learned the retail stock trade as a broker, at E. F. Hutton.

Table of Contents

Introduction: Christensen’s Theory of Disrupting and Sustaining Technological Change.

Chapter 1. An Overview of Theory of Technology Evolution.

Chapter 2. The Scope of the Metaphor Between Biological Evolution and Technology Evolution.

Chapter 3. Building The Theory of Technological Evolution Upon the Foundation of General Equilibrium Theory.

Chapter 4. Sustaining Innovation as Asexual Reproduction.

Chapter 5. Disruptive Innovation As Two-Parent Genetic Cross Over.

Chapter 6. The Relationship Between Technology Evolution and Capital Investments.

Chapter 7.Knowledge Creation and Knowledge Diffusion In Technology Evolution.

Chapter 8. Consumer Selection and Technology Evolution.

Chapter 9 .Income Distribution and Technological Evolution.

Chapter 10. The Emergence of New Future Markets.

Chapter 11. The Contribution of Schumpeter to the Theory of Technology Evolution.


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