Abstract:

The aim of this article is to shed more light on the effects of technological innovation on economic progress from the institutionalist perspective. Based on historical data on economic growth and technological changes in the United States, we question the assumption of mainstream economics that innovation, performed by profit-making enterprises, is a key source of productivity growth. The difference between the golden age and the period since suggests that economic progress is primarily determined by a successfully functioning institutional structure and progressive institutional changes.

中文翻译：

---

（是否）制度比创新更重要？

摘要：

本文的目的是从制度主义的角度更多地阐明技术创新对经济进步的影响。基于美国经济增长和技术变革的历史数据，我们质疑主流经济学的假设，即由营利性企业进行的创新是生产力增长的关键来源。黄金时代与此后时期之间的差异表明，经济进步主要取决于成功运作的制度结构和渐进的制度变革。