History of Technology and Development

This lecture covers the history of technology innovation and development, starting with key figures like James Watt, Adam Smith, Mahatma Gandhi, Milton Friedman, and Fritz Schumacher. It explores the impact of the Industrial Revolution, imperialism, and social entrepreneurship. The presentation delves into the concept of appropriate technology, the rise of social enterprises, and the bottom of the pyramid approach advocated by C.K. Prahalad. It emphasizes the importance of technology being beneficial to humanity, respecting nature, creating livelihoods, and being adapted to local contexts. The lecture concludes by discussing the tension between profit and social impact, as well as the opportunities for mainstream companies in addressing social issues.