Capitalism, Markets and technology
15
Aug
What is certain is that the markets 
are breathing in the midst of a systemic crisis still intense, the London Stock Exchange rose 0.57%, Frankfurt gained 0.68% and Paris advanced 0.51%, closing at the maximum of the session, everyone knows that the end of the tunnel is far, but it’s a relief (Source: Dow Jones Newswires).
The reasoning is not immediate, but it is clear that something within a society whose driving force is the capital and not the welfare of citizens, talking about the stock market and the “health” of society is always the subject, especially in economic discourse, and rarely in technological conversations.
Who has helped large companies are technology, Apple shares rose 4.75% on Tuesday and it is investor Carl Icahn in the area, wrote on his Twitter that the company’s micro-blog “currently has a great position “in stock and believes the company is” extremely undervalued ” he is write.
The chief executive of Apple, Tim Cook, said his company also has good health, and the Dow Jones Hewlett-Packard (+2.09%) led the gains while large companies in other industries such as Alcoa (-1 , 33%) and JC Penney (-3.72%) were the major highlights in the fall.
The pioneer in analyzing specifically the influence of technology was Joseph Schumpeter who lap process innovation at the heart of his theories of development, economic evolution is characterized by disruptions and discontinuities with the present situation should be the introduction of innovations in the way the system work, this is how innovations influence the process.
Disciple of Schumpeter, Clayton M. Christensen wrote “The Dilemma of Innovation” (1997), which speaks of disruptive technologies, those that impact the market.
But since man is man, technology is part of their history, and economists such as Adam Smith knew that technology is key to creating wealth, though that stand out the sources of technological innovation were “men who worked with the machines and discovered ingenious ways to improve them, as well as manufacturers of machinery “(The Wealth of Nations).
Karl Marx wrote a series of books on the history of technology and those who think he despised this aspect of the economy read “Machinery and Modern Industry” present in his major work “Capital”.
