Tags » Technology Diffusion

The tractors are coming, the tractors are coming for all the horses

Many new technologies display long adoption lags, and this is often interpeted as evidence of frictions inconsistent with the standard neoclassical model. We study the diffusion of the tractor in American agriculture between 1910 and 1960 — a well known case of slow diffusion — and show that the speed of adoption was consistent with the predictions of a simple neoclassical growth model.

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Economic History

Diffusion of consumer durables to poor American households since 1984

We do not have air-conditioning. Do not know many people who do but New Zealand does have a temperate climate. But if you are down and out in America you still have air-conditioning. 189 more words

Economic History

The 'hollowing' of the American middle class

The 'hollowing' of the American middle class. #DemsInPhilly https://t.co/zSk3mdFLLU

— Carroll Doherty (@CarrollDoherty) July 26, 2016

The present rate of technology adoption is nearly a vertical line —@

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Economic History