New Book, Technological Foundations of Cyclical Growth Determines the Future of Technology

March 26, 2009 - PRLog -- What does the technology future hold?  According to Nathan Edmonson's, Technological Foundations of Cyclical Growth, the historical pattern of technology is the root of long-term cyclic events which are an integral part of economic growth.  

New technology is intimately associated with increased economic growth. The tools people have and when they acquired them tells us much about cyclical patterns of growth. Those interested in encouraging economic growth would do well to look to the conditions that spur the origins, development, and impact of technology—as well as the circumstances that spur prolific periods of invention, the mother of technology.

Determining the future of technology relies on past prototype inventions that have fomented massive technological innovations have come from. Some parts of the private sector, such as Bell Labs, have been important. The government, particularly in its sponsorship of defense related research, has delivered a number of inventions. Universities are very much in the picture in certain fields, such as nanotechnology.  Edmonson goes beyond formal theory, reviewing the record of economic growth and the role of technology in this growth. The challenges we face at the onset of the twenty-first century are covered in depth and with imagination by Edmonson. The book will spur much rethinking about economic futures.

About the author:
Nathan Edmonson has worked in numerous positions including professor of economics at Georgia State University, Director of Mineral Economics at Kennecott Minerals Company, chief economist at Ashland Oil, and as economics consultant to the Board of Governors of the Federal Reserve System. Currently he does independent investing and consulting. He has written scholarly articles in Mining Engineering, Journal of Industrial Economics, and Nitrogen.

To order a copy of Technological Foundations of Cyclical Growth, contact Transaction Publishers at 888-999-6778 or order online at http://www.transactionpub.com.  Editors interested in reviewing this book in a scholarly publication can forward the request along with company information to marketing@transactionpub.com.

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