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Information Technology And Wealth: Cybernetics, History And Economics, Elin Whitney-Smith

Engineering Management & Systems Engineering Theses & Dissertations

Capitalism developed where and when it did because there was high information access. There was high information access because of a major advance in information technology--the press. Where the technology was not controlled by the "powers that be" there was economic growth and a shift in the entire social structure. Where it was controlled there was no structural change and there was economic ruin. The development of capitalism is a major step change in economic growth. It is also a major change in the way people organize themselves into groups.

Major step changes in the growth and in the organization …