As Time Goes By. From The Industrial Revolution... May 2026

: It argues that economic growth is not just about technology; it requires "congruence" between the economy and the political, cultural, and scientific subsystems of society.

: The authors utilize Kondratiev's "long wave" theory to explain structural crises of adjustment and how new technologies eventually lead to economic growth. As time goes by. From the Industrial Revolution...

The phrase "As Time Goes By: From the Industrial Revolution..." refers to the authoritative book , written by Chris Freeman and Francisco Louçã . : It argues that economic growth is not