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I.2.2.5 Economic sciences

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Economics studies the functioning of the economy. It deals, from a resource allocation perspective, with all the activities of a human community relating to the production, distribution, trade and consumption of products and services. Among thinkers who have devoted part of their work to technological change and its effects, we can cite the name of Joseph Schumpeter, who developed a theory of creative destruction and innovation (1999 (1926)); Jean Fourastié, who is known for his technological optimism (1949); and Alfred Sauvy, author of the spilling theory, who noted the positive effects of technological progress on productivity and ultimately on employment (1980).

Technological Change

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