Class summary 9/23
Automobile Satefy
Other interesting trend-Mechanical power: over 50 times larger than 1870
Osborne VS iPad---things getting better, includes inventions and our economy.( income)
1950-1973 Median family income in US grew rapidly
Real economic success is measure by far more than dollars and cents:
Religious
Women's rights
Political freedom
Improved non-market amenities and more
The Classic Theory:
used up our increased productivity with more people
The Modern Theory:
continues improvements in technology, knowledge and human capital allow productivity to outpace population growth.
Other interesting trend-Mechanical power: over 50 times larger than 1870
Osborne VS iPad---things getting better, includes inventions and our economy.( income)
1950-1973 Median family income in US grew rapidly
Real economic success is measure by far more than dollars and cents:
Religious
Women's rights
Political freedom
Improved non-market amenities and more
The Classic Theory:
used up our increased productivity with more people
The Modern Theory:
continues improvements in technology, knowledge and human capital allow productivity to outpace population growth.
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