The Economics of Speed: Machine Speed as the Key Factor in ProductivityThis 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. |
Contents
| 1 | |
| 5 | |
3 The Kinetics Approach to Production | 29 |
Logistics and Profitability | 57 |
5 The End of the Age of Speed and the Productivity Slowdown | 71 |
6 Machine Speed and the Great Depression | 89 |
7 Summary and Conclusions | 119 |
Other editions - View all
The Economics of Speed: Machine Speed as the Key Factor in Productivity Bernard C. Beaudreau No preview available - 2020 |
The Economics of Speed: Machine Speed as the Key Factor in Productivity Bernard C. Beaudreau No preview available - 2019 |
The Economics of Speed: Machine Speed as the Key Factor in Productivity Bernard C. Beaudreau No preview available - 2020 |
Common terms and phrases
age of speed argued capital chapter chemical kinetics classical mechanics containerization control technologies decrease demand for supervision double downturn Econ electric power electric power consumption electric unit drive energy consumption energy costs estimates EUD-based example excess capacity expenditure Fabricated Metal factor input faster firms greater machine speeds hand of speed hence horsepower increases in machine increasing machine speed investment kinetics approach laws of kinetics machine downtime machine speed-ups magic hand mass production material processes mechanical Multifactor productivity namely neoclassical operating speed output elasticity output gap overall physically productive post-WWII period power drive technology process engineering process speed production theory productivity growth productivity slowdown profits Put differently referred Republican result second age second industrial revolution smoot-hawley tariff act Solow residual Source specifically stands to reason steam engine sub-processes Table Tariff Bill Tier twentieth century U.S. Department U.S. economy wages wealth workers