Tag: transportation

Four Keys to Modern Prosperity: Technology & Infrastructure (Part 2)

Oct 22, 2008

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by

mwkruse

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

Practical Impact To illustrate the impact of technological and infrastructure changes on daily life, imagine that the year is 1789, and you are living in Philadelphia. George Washington had just been elected president of the United States. You have always been one of George's biggest fans. He just dropped by your house and appointed you…
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…