On The Interaction Of Technology And Institution

Vertically observing the developing theory route of the economic growth theory, we can see that the economists have been seeking the decisive factor and the motive force of the economic growth all the time since classical economist Adam Smith. Centering on the discussion of different economic growth factors, the theory is launched along two main threads: the first is technological determinism" on the base of classical, new classical economic growth theory and modern economic growth theory, the second is " institutional determinism" represented by the new institutional economic school. In the face of the economic growth, these two kinds of schools debate endlessly on the technology determination and institution determination. Just during the long debate of the two sides, in recent years, a few scholars in the academic circle put forward the "common determinism" of technology and institution. Analyzing the three kinds of determinism above, the common visual angle of thinking is to establish them in the frame of "hierarchy layer" of the determining and determined by solving the function of" y" through " X". This theory visual angle has the hobby of" resolving the source of growth" and " growing adjusted " constantly, thus isolated the growth factor, ignored the complementarity between technology and institution, and have brought the deficiency of one's own theory finally.In this view, the author converts the thinking angle, starting from the thinking visual angle of interacting between the elements and puts forward the interaction theory of technology and institution, namely sets technology and institution on the same entity platform, analyses the interaction mechanism, interaction course of technology and institution and interaction systematicness and has set up a simple interaction model, thus analyzing the source of the economic growth in interaction and offers a theoretical perspective for examining the economic growth.Finally there are two cases on the purpose of positive observation as the interaction of technology and institution, using the interaction theory to have explained the macroscopic and microcosmic " paradox" appearing in our country, and appealing for setting up national innovative system of interaction.