Technical progress and technological change

The aim of this Chapter is to clarify some aspects of our theoretical framework of production based on compound technologies; namely, the meaning of technical and technological progress, the differences between these two concepts, and the implications of the choice of technology for the price-distribution system and the growth process. Such a theoretical setting has profound implications for the analysis of technological change. The models put forward in the previous Chapters in which non-produced means of production (Npmp) play a key role, imply an autonomous and partially new taxonomy of technological and technical progress. This novelty may rise some doubts among those used to the traditional technological classifications.