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The Economics of Speed: Machine Speed as the Key Factor in Productivity [electronic resource] / by Bernard C. Beaudreau.

By: Beaudreau, Bernard C [author.].
Contributor(s): SpringerLink (Online service).
Material type: materialTypeLabelBookSeries: Lecture Notes in Production Engineering: Publisher: Cham : Springer International Publishing : Imprint: Springer, 2020Edition: 1st ed. 2020.Description: XVI, 122 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783030267131.Subject(s): Industrial Management | Industrial organization | Production management | Electric power production | Manufactures | Industrial Management | Industrial Organization | Production | Electrical Power Engineering | Mechanical Power Engineering | Machines, Tools, ProcessesAdditional physical formats: Printed edition:: No title; Printed edition:: No title; Printed edition:: No titleDDC classification: 658.5 Online resources: Click here to access online
Contents:
Chapter 1. Introduction -- Chapter 2. The Trouble with Production Theory -- Chapter 3. The Economies of Speed, KE=1/2mv2 and the Productivity Slowdown -- Chapter 4. The Kinetics Approach to Production: Theory and Evidence -- Chapter 5. The Profitability of Speed-Ups -- Chapter 6. The End of the Age of Speed and The Productivity Slowdown -- Chapter 7. The Physical Limits to Economic Growth by R&D-Funded Innovation -- Chapter 8. Speed and the Great Depression -- Chapter 9. Summary and Conclusions.
In: Springer Nature eBookSummary: This 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.
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Chapter 1. Introduction -- Chapter 2. The Trouble with Production Theory -- Chapter 3. The Economies of Speed, KE=1/2mv2 and the Productivity Slowdown -- Chapter 4. The Kinetics Approach to Production: Theory and Evidence -- Chapter 5. The Profitability of Speed-Ups -- Chapter 6. The End of the Age of Speed and The Productivity Slowdown -- Chapter 7. The Physical Limits to Economic Growth by R&D-Funded Innovation -- Chapter 8. Speed and the Great Depression -- Chapter 9. Summary and Conclusions.

This 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.

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