General Purpose Technology
General purpose technologies (GPTs) are technologies that can affect an entire economy (usually at a national or global level). GPTs have the potential to drastically alter societies through their impact on pre-existing economic and social structures. Examples include the steam engine, railroad, interchangeable parts, electricity, electronics, material handling, mechanization, control theory (automation), the automobile, the computer, and the Internet.
Read more about General Purpose Technology: Lag, Government Investment Necessary To Develop New General Purpose Technologies, New General Purpose Technologies in Energy Systems Transformation
Famous quotes containing the words general, purpose and/or technology:
“The most general deficiency in our sort of culture and education is gradually dawning on me: no one learns, no one strives towards, no one teaches—enduring loneliness.”
—Friedrich Nietzsche (1844–1900)
“Certain books seem to have been written not for the purpose that we learn something from them but that we know that the author was a knowledgeable person.”
—Johann Wolfgang Von Goethe (1749–1832)
“One can prove or refute anything at all with words. Soon people will perfect language technology to such an extent that they’ll be proving with mathematical precision that twice two is seven.”
—Anton Pavlovich Chekhov (1860–1904)