In 1976, when Daniel Bell first published The Coming of Post-Industrial Society, he predicted a vastly different world -- one that would rely upon an economics of information, as opposed to the economics of goods that had existed up to then. Bell argued that the new society would not displace the old one but rather overlay it in profound ways, much as industrialization continues to coexist with the agrarian sectors of our society.In Bell's prescient vision, the post-industrial society would include the birth and growth of a knowledge class, a change from goods to services, and changes in the role of women. All of these would be based upon an increasing dependence on science as a means of innovation; as a means of technical and social change.The Coming of Post-Industrial Society remains an important book for a whole new generation of politicians, economists, intellectuals, and students. Copyright © Libri GmbH. All rights reserved.

In 1976, Daniel Bell's historical work predicted a vastly different society developing—one that will rely on the “economics of information” rather than the “economics of goods.” Bell argued that the new society would not displace the older one but rather overlie some of the previous layers just as the industrial society did not completely eradicate the agrarian sectors of our society. The post-industrial society's dimensions would include the spread of a knowledge class, the change from goods to services and the role of women. All of these would be dependent on the expansion of services in the economic sector and an increasing dependence on science as the means of innovating and organizing technological change.Bell prophetically stated in The Coming of the Post-Industrial Society that we should expect “… new premises and new powers, new constraints and new questions—with the difference that these are now on a scale that had never been previously imagined in world history.”

In 1976, Daniel Bell's historical work predicted a vastly different society developing—one that will rely on the “economics of information” rather than the “economics of goods.” Bell argued that the new society would not displace the older one but rather overlie some of the previous layers just as the industrial society did not completely eradicate the agrarian sectors of our society. The post-industrial society's dimensions would include the spread of a knowledge class, the change from goods to services and the role of women. All of these would be dependent on the expansion of services in the economic sector and an increasing dependence on science as the means of innovating and organizing technological change.Bell prophetically stated in The Coming of the Post-Industrial Society that we should expect “… new premises and new powers, new constraints and new questions—with the difference that these are now on a scale that had never been previously imagined in world history.”

While it is often acknowledged that we live in a "postindustrial" age, our economic concepts have lagged far behind our postmodern sensibility. In this incisive new work, the well-known sociologist, Fred Block, sheds obsolete and shopworn economic analysis by presenting a bold, sweeping reconceptualization of the economy. Postindustrial Possibilities provides a fresh understanding of the dynamics of postindustrial change while offering a roadmap for future economic thinking. Block takes as his point of departure the tired concepts of neo-classical economics which, while still dominant, fall short as tools for comprehending contemporary economic forces. In Block's mind, the failure to revise the concepts of industrial economics means that the reality of today's economy is increasingly understood as "through a glass darkly." Intent on reinvigorating thinking in this area, Block masterfully critiques the central categories of neo-classical economics, such as the market, labor, and capital. Block argues that the neo-classical tradition has obscured the fact that capitalist prosperity has been built not on "free markets" but rather on systematic constraints on market freedom. He further suggests that measurements of capital have become increasingly problematic and that the concept obscures the critical sources of productivity within organizations. In his far-reaching analysis of the Gross National Product, Block shows that there is a growing divergence between the factors that determine people's well-being and trends in measured GNP. Postindustrial Possibilities sets forth a new intellectual paradigm that might be called "Qualitative Growth." One of its primary foci is a shift toward improved product quality and greater priority for various non-commodity satisfactions such as leisure, interesting work, economic security and a safe and clean environment. It also promotes a recognition that greater economic efficiency rests not on infusions of capital but on cooperative labor relations and on institutional reform. Wide-ranging, intellectually vibrant and lucid, Postindustrial Possibilities will engender controversy and debate. It is an enormous contribution that social scientists and policymakers will need to come to terms with.

The Golden Age of postwar capitalism has been eclipsed, and with it seemingly also the possibility of harmonizing equality and welfare with efficiency and jobs. Most analyses believe that the emerging postindustrial society is overdetermined by massive, convergent forces, such astertiarization, new technologies, or globalization, all conspiring to make welfare states unsustainable in the future.Social Foundations of Postindustrial Economies takes a second, more sociological and more institutional, look at the driving forces of economic transformation. What, as a result, stands out is postindustrial diversity, not convergence. Macroscopic, global trends are undoubtedly powerful, yet theirinfluence is easily rivalled by domestic institutional traditions, by the kind of welfare regime that, some generations ago, was put in place. It is, however, especially the family economy that hold the key as to what kind of postindustrial model will emerge, and to how evolving tradeoffs will bemanaged.Twentieth-century economic analysis depended on a set of sociological assumptions that, now, are invalid. Hence, to better grasp what drives today's economy, we must begin with its social foundations.