@article{article_937811, title={Technology, Growth Theory, and the First Industrial Revolution}, journal={Ekonomi-tek}, volume={10}, pages={1–21}, year={2021}, author={Attar, M. Aykut}, keywords={Birleştirilmiş Büyüme Kuramı, iktisadi tarih, Schumpeter-gil büyüme, faydalı bilgi, içsel teknoloji}, abstract={In the 21st century, growth theorists have ambitiously extended the limits of what need to be understood into preindustrial times without renouncing sound microeconomic foundations, and growth theory has become irreversibly historical. This paper argues that much progress could be achieved if the frontier of growth theory is extended with a richer understanding of ideas, knowledge, and technology. The paper first defends the strong relevance of second-generation Schumpeterian models to the first Industrial Revolution. It then presents an evaluation of Mokyr’s (2002) non-mathematical theory of useful knowledge by identifying the main postulates of this theory that may illuminate Schumpeterian models of the first Industrial Revolution. The paper concludes with a discussion of three methodological obstacles that prevent immediate progress in this trajectory of inquiry.}, number={1}, publisher={Türkiye Ekonomi Kurumu Vakfı}, organization={none}