Tag: Labor Saving and Entertainment Enhancing Devices

Prosperity: Technology

Sep 3, 2008

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by

mwkruse

in Economic Development, Economics, Education, Series: Cycle of Prosperity, Technology, Technology (Energy), Technology (Food & Water), Technology (Manufacturing & Construction)), Technology (Transportation & Distribution)

Technology is the devices and machines used in society, and the practical knowledge society has about its material existence and methodologies for applying technical knowledge. Technology has several important impacts on the cycle of prosperity. Arrow A As Thomas Malthus correctly concluded, food production is critical to achieving prosperity. Domestication of crops and animals is…