disembodied technical progress
Improvements in technical knowledge that allow more output to be obtained from given inputs without the need to invest in new equipment. Disembodied technical progress is contrasted with embodied technical progress, where improved techniques can be exploited only by investing in new equipment embodying the new knowledge. Most real world innovations require for their utilization that some but not all the capital equipment used be replaced; whether a given innovation is embodied or disembodied is thus a matter of degree.
No comments:
Post a Comment