Technological Change through History: the View from 30,000 feet

Brad Delong has a an outstanding post on technological change. He categorizes how people add value and shows how technological change alters these categories.

It’s interesting to think about his post and these issues in terms of a simple (classical) model and consider how recent trends may affect the classical conclusions regarding the beneficiaries of technological change.

Also, here is a summary of where Larry Summers thinks these issues are headed, here is his full talk, and here are some related policy implications (see bottom of post 1, post 2).

About ozidar

I'm an Assistant Professor of Economics at the University of Chicago Booth School of Business and a Faculty Research Fellow at National Bureau of Economic Research. You can follow me on twitter @omzidar.
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