Complexity, Cost Reduction and Productivity Improvement through History

Research output: Chapter in Book/Report/Conference proceedingBook chapter

Abstract

History shows us that in the cost/performance ratio of any given product has decreased continuously. This may wrongly have led us to the conclusion that improvements can continue infinitely at the current pace. Our proposition is that we trust a mental picture that is not consistent with the future level of potential improvements in technology and business, which in turn has repercussions for societal change. This article draws on the theory of Tainter (1988) and it argues that recent developments in business may reverse the previous development towards increasing complexity, but it may still increase the risk of an economic collapse.

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Authors
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Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Business Administration

Keywords

  • limits to growth, cost benefit
Original languageEnglish
Title of host publicationChallenges in the management of New Technologies
EditorsMarianne Hörlesberger, Mohamed El-Nawawi, Tarek Khalil
PublisherWorld Scientific Publishing
Pages485-496
Volume1
ISBN (Print)9812708553
Publication statusPublished - 2007
Publication categoryResearch
Peer-reviewedNo

Publication series

Name
Volume1

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