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The Economics of Speed: Machine Speed as the Key Factor in Productivity

  • Book
  • © 2020

Overview

  • Provides a unique analysis of production systems
  • Is the only book to combine kinematics and analysis of machine speeds in productivity
  • Offers an important contribution to the knowledge that will drive productivity growth in the future

Part of the book series: Lecture Notes in Production Engineering (LNPE)

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Table of contents (7 chapters)

Keywords

About this book

This is the first book to examine the “nuts and bolts” of production processes. It proposes a truly consilient approach to modeling production processes – one that goes beyond the vague principles found in standard economics – and provides details that are consistent with the applied mechanics and engineering literature. Providing a credible analysis of some of the most pressing questions of our era, such as the productivity slowdown and the information paradox, and bridging the gap between engineering, applied physics, economics, and management science, this book is a fascinating read for anyone interested in industry, the modern economy, and how physical factors constrain productivity growth.


Authors and Affiliations

  • Département d’Économique, Université Laval, Quebec City, Canada

    Bernard C. Beaudreau

About the author

Bernard Beaudreau is a professor and program director in the Department of Economics, University of Laval, Canada. In recent decades, he has focused his work on the underpinnings of productivity growth, with a special emphasis on the physics (mechanics and thermodynamics) of the underlying production processes.

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