How did the General Purpose Technology ’Electricity’ contribute to the Second Industrial Revolution (I): The Power Engines.

The concept of the General Purpose Technology (GPT) of the late 1990s is a culmination of many evolutionairy views in innovation-thinking. By definition the GPT considers the technical, social, and economic effects of meta-technologies like steam-technology and electric technology. This paper uses Schumpeter’s concept of ’cluster on innovations’...

Acts of Invention and Acts of Business in the GPT-Electricity: What did Morse, Bell and Marconi have in common?

The General Purpose Technology of Electricity (GPT-E) as a meta-technology has been a driving force of economic growth in the Second Industrial Revolution. Fuelled by inventions (eg the electric motor/dynamo, electric light, telegraph, and telephone), its micro-foundations were the General Purpose Engines (GPE). These GPEs were the basic...