Asks whether and to what effect the widespread adoption of digital technology has led to large-scale or structural economic changes in business.The essays in this volume ask whether the widespread adoption of digital technology has led to large-scale or structural changes in modern business systems. The book provides a robust exploration of the impact the third industrial revolution the digital revolution had on global business.The essays in this volume ask whether the widespread adoption of digital technology has led to large-scale or structural changes in modern business systems. The book provides a robust exploration of the impact the third industrial revolution the digital revolution had on global business.The essays in this volume probe the impact the digital revolution has had, or sometimes failed to have, on global business. Has digital technology, the authors ask, led to structural changes and greater efficiency and innovation? While most of the essays support the idea that the information age has increased productivity in global business, the evidence of a revolution in the ways industries are organized is somewhat more blurred, with both significant discontinuities and features which persist from the second industrial revolution.Introduction Louis Galambos; 1. Technological revolutions and the evolution of industrial structures: assessing the impact of new technologies upon the size, pattern of growth, and boundaries of firms Giovanni Dosi, Alfonso Gambardella, Marco Grazzi and Luigi Orsenigo; 2. The long-run dynamics of big firms: the one hundred largest employers from the United States, the United Kingdom, Germany, France, and Japan, 19072002 Howard Gospel and Martin Fiedler; 3. Knowledge and the changing boundaries of firms and industries Pamela Adams, Stefano Brusoni and Franco Malerba; 4. Organizing the electronic century Richard N. Langlois; 5. Aircraft and the third industrial revolution Andrea Prencipe; 6. Aluminium and the third inlÓ+