This accessible book provides a rigorous explanation of the concepts and theory of technological change and learning in production. Dudley Jackson offers a thorough integration of theory and data to show how technological change and learning increaseprofitability. The impact of technological change and learning on the rate of profit are comprehensively explained with extensive use of 'real world' plant and industry-level statistics. Data on the manufacturing industry in the United States is used to explain and exemplify neutral technological change, or increased multifactor productivity. Non-neutral capital-using/labor-saving technological change is then examined using data on the switch from steam to diesel locomotives in the railroad industry. The impact of technological change on unit cost and quality is examined in two case studies: automation in the pulp plant of a paper mill; and the refining of petroleum to produce gasoline of a higher octane rating. The...

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