Is the technology boom over?
The ever-thoughtful Paul Krugman has a brief but thought-provoking post at the NYT where he addresses an essay by Bob Gordon (essay here). Krugman agrees with Gordon’s characterization of three industrial revolutions: IR #1 (steam, railroads) from 1750 to 1830; IR #2 (electricity, internal combustion engine, running water, indoor toilets, communications, entertainment, chemicals, petroleum) from 1870 to […]