Mary: I’m Mary Walden with economist MW welcoming you to the economic perspective. Today’s program looks at comparing breakthroughs. Mike, we live in a time of technological change that constantly bring us new products and applications. Many say the world has never changed faster. But others disagree. Please evaluate the arguments.
Mike: Summary Answer
- Hear comments like, today’s smart phone has more capability than the computers used on the moon launches
- Or that information accessed on our phone or computer is more than at the standard library
- But the contrary view says advances today aren’t fundamental changes – they build on past breakthroughs
- These contrarians argue indoor plumbing, electricity, the first auto, the telephone, and air flight – all developed about 100 years ago – made more fundamental changes to life than anything done today
- My personal favorites are indoor plumbing and electricity – time saved bring water from outside, and expansion of the day from electricity
- I’m MW
Mary: And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.