Book contents
- The American Political Economy
- The American Political Economy
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgments
- Introduction The American Political Economy: A Framework and Agenda for Research
- I Political Arenas and Actors
- II Race, Space, and Governance
- III Corporate Power and Concentration
- IV The American Knowledge Economy
- 11 The United States as Radical Innovation Driver: The Politics of Declining Dominance?
- 12 Public Investment in the Knowledge Economy
- 13 Concentration and Commodification: The Political Economy of Postindustrialism in America and Beyond
- Epilogue The American Political Economy Confronts COVID-19
- Bibliography
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
- The American Political Economy
- The American Political Economy
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgments
- Introduction The American Political Economy: A Framework and Agenda for Research
- I Political Arenas and Actors
- II Race, Space, and Governance
- III Corporate Power and Concentration
- IV The American Knowledge Economy
- 11 The United States as Radical Innovation Driver: The Politics of Declining Dominance?
- 12 Public Investment in the Knowledge Economy
- 13 Concentration and Commodification: The Political Economy of Postindustrialism in America and Beyond
- Epilogue The American Political Economy Confronts COVID-19
- Bibliography
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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- The American Political EconomyPolitics, Markets, and Power, pp. 323 - 350Publisher: Cambridge University PressPrint publication year: 2021
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