History Quote by Anonymous
““Most economic historians concur with the assessment that ICT meets all of the criteria given above, and so should join the club of general purpose technologies. In fact, in a list of all the candidates for this classification compiled by the economist Alexander Field, only steam power got more votes than ICT, which was tied with electricity as the second most commonly accepted GPT.9””
About This Quote
Source Book: Economic History of Technology, 2020
ICT is considered a general purpose technology, comparable to steam power and electricity, due to its widespread impact across sectors.
In simple terms: ICT is a broad, transformative technology like steam and electricity.
Key Takeaway
Recognize ICT’s broad influence.
Themes
technology
economics
history
Mood
analytical
neutral
Type
explanatory
informative
When to use this quote
- policy making
- business strategy
- education reform
- infrastructure planning
Key Concepts
General purpose technology
diffusion of innovation
Questions to Reflect On
- How does ICT reshape economic structures?
- What limits its adoption?
A Different Perspective
ICT impact varies by region and sector; not all benefits are immediate.
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