The Tumultuous Birth of Our New Golden Age


Beginning around 1771, per capita income and quality of life began to rise in five unprecedented waves which we refer to as Techno-Economic Revolutions. Each wave was enabled by a general-purpose breakthrough technology such as the steam engine, the railroad, the assembly line and now, the digital computer. And the hallmark of each of revolution was an extraordinary surge in productivity giving everyone access to more, with l.....
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