Technological Advance

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Benjamin M. Friedman - One of the best experts on this subject based on the ideXlab platform.

  • Work and consumption in an era of unbalanced Technological Advance
    Journal of Evolutionary Economics, 2017
    Co-Authors: Benjamin M. Friedman
    Abstract:

    Keynes’s “Grandchildren” essay famously predicted both a rapid increase in productivity and a sharp shrinkage of the workweek – to 15 h – over the century from 1930. Keynes was right (so far) about output per capita, but wrong about the workweek. The key reason is that he failed to allow for changing distribution. With widening inequality, median income (and therefore the income of most families) has risen, and is now rising, much more slowly than he anticipated. The failure of the workweek to shrink as he predicted follows. Other factors, including habit formation, socially induced consumption preferences, and network effects are part of the story too. Combining the analysis of Keynes, Meade and Galbraith suggests a way forward for economic policy under the prevailing circumstances.

  • work and consumption in an era of unbalanced Technological Advance
    2015
    Co-Authors: Benjamin M. Friedman
    Abstract:

    Keynes’s “Grandchildren” essay famously predicted both a rapid increase in productivity and a sharp shrinkage of the workweek – to fifteen hours – over the century from 1930. Keynes was right (so far) about output per capita, but wrong about the workweek. The key reason is that he failed to allow for changing distribution. With widening inequality, median income (and therefore the income of most families) has risen, and is now rising, much more slowly than he anticipated. The failure of the workweek to shrink as he predicted follows. Other factors, including habit formation, socially induced consumption preferences, and network effects are part of the story too. Combining the analysis of Keynes, Meade and Galbraith suggests a way forward for economic policy under the prevailing circumstances.Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org.

  • work and consumption in an era of unbalanced Technological Advance
    National Bureau of Economic Research, 2015
    Co-Authors: Benjamin M. Friedman
    Abstract:

    Keynes’s “Grandchildren” essay famously predicted both a rapid increase in productivity and a sharp shrinkage of the workweek – to fifteen hours – over the century from 1930. Keynes was right (so far) about output per capita, but wrong about the workweek. The key reason is that he failed to allow for changing distribution. With widening inequality, median income (and therefore the income of most families) has risen, and is now rising, much more slowly than he anticipated. The failure of the workweek to shrink as he predicted follows. Other factors, including habit formation, socially induced consumption preferences, and network effects are part of the story too. Combining the analysis of Keynes, Meade and Galbraith suggests a way forward for economic policy under the prevailing circumstances.

R N Byron - One of the best experts on this subject based on the ideXlab platform.

  • Technological Advance and the conservation of resources
    International Journal of Sustainable Development and World Ecology, 1996
    Co-Authors: Jeffrey Sayer, R N Byron
    Abstract:

    SUMMARY This paper reviews the nature of Technological changes in forestry and the forest industries and their impacts on forest conservation and deforestation. While noting that Technological changes have made available substantially more forest products to consumers, with higher quality and/or at lower prices than would otherwise have been possible, not all impacts have been positive. The authors take a long-term perspective of how changes in technologies, markets and transportation are likely to affect the management and conservation of tropical forests. The paper defines a research challenge to direct and harness science and innovation towards increasing the productivity of forests and reducing the environmental costs associated with forest industries and products.

Hui Nin - One of the best experts on this subject based on the ideXlab platform.

  • The Neo-Schumpeterian Approach and Its Adaptability in China
    Journal of Yunnan University, 2003
    Co-Authors: Hui Nin
    Abstract:

    The Neo-Schumpeterian Approach, with the model of Romer's knowledge overflow, the model of Lucas' human capital overflow, the model of Barro's public product and crowded model as the representatives, has solved the core competitiveness problem in economic growth and ridded itself of the inherent defects in the neo-classical theory of economic growth. Thus, we should adhere to Technological Advance, and attach great importance to the accumulation of human capital and the government activities in order to realize a sustainable economic development in China.

A. Cuschieri - One of the best experts on this subject based on the ideXlab platform.

Ian Lange - One of the best experts on this subject based on the ideXlab platform.

  • mandate a man to fish Technological Advance in cooling systems at u s thermal electric plants
    Water Resources Research, 2016
    Co-Authors: Victor M Peredoalvarez, Allen Bellas, Whitney Trainorguitton, Ian Lange
    Abstract:

    Steam-based electrical generating plants use large quantities of water for cooling. The potential environmental impacts of water cooling systems have resulted in their inclusion in the Clean Water Act's (CWA) Sections 316(a), related to thermal discharges and 316(b), related to cooling water intake. The CWA mandates a Technological standard for water cooling systems. This analysis examines how the performance-adjusted rates of thermal emissions and water withdrawals for cooling units have changed over their vintage and how these rates of change were impacted by imposition of the CWA. Though technology standards are believed to hinder Technological progress, results show that progress occurred for cooling systems installed after the CWA and no progress occurred previous to it.

  • Technological Advance in Cooling Systems at U.S. Power Plants
    Economics of Energy & Environmental Policy, 2013
    Co-Authors: Allen Bellas, Duane Finney, Ian Lange
    Abstract:

    Prior to adoption of the 1972 Clean Water Act (CWA) most US. power\nplants used once-through cooling water systems that discharged large\nquantities of warm water This resulted in significant amounts of thermal\npollution in neighboring bodies of water The CWA essentially mandated\nrecirculating systems for new facilities. This paper investigates\nwhether there was Technological Advance in cooling systems, which we\ndefine as reductions in performance-adjusted costs, and how these\nAdvances are related to imposition of the CWA. Results suggest that the\nperformance-adjusted cost of installing a recirculating cooling system\nwas falling prior to implementation of the CWA but rose thereafter This\nis consistent with the theoretical work suggesting that command and\ncontrol regulation offers poor incentives for Advances in pollution\ncontrol technology.

  • Technological Advance in cooling systems at u s power plants
    2011
    Co-Authors: Allen Bellas, Duane Finney, Ian Lange
    Abstract:

    Prior to adoption of the 1972 Clean Water Act (CWA) most U.S. power plants used once-through cooling water systems that discharged large quantities of warm water and resulted in significant amounts of thermal pollution in neighboring bodies of water. The CWA essentially mandated recirculating systems for most new facilities. This paper investigates whether there was either cost-saving or performance enhancing Technological Advance in cooling systems and how these Advances are related to imposition of the CWA.