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:
“I never saw any people who appeared to live so much without amusement as the Cincinnatians.... Were it not for the churches,... I think there might be a general bonfire of best bonnets, for I never could discover any other use for them.”
—Frances Trollope (1780–1863)
“Man, her last work, who seemed so fair,
Such splendid purpose in his eyes,
Who rolled the psalm to wintry skies,
Who built him fanes of fruitless prayer,
Who trusted God was love indeed
And love Creation’s final law—
Though Nature, red in tooth and claw
With ravine, shrieked against his creed—”
—Alfred Tennyson (1809–1892)
“The successor to politics will be propaganda. Propaganda, not in the sense of a message or ideology, but as the impact of the whole technology of the times.”
—Marshall McLuhan (1911–1980)