Evolving Concepts of Technology in Economics


Add to cart
Essay #: 068918
Total text length is 19,508 characters (approximately 13.5 pages).

Excerpts from the Paper

The beginning:
Evolving Concepts of Technology in Economics
The current state of commerce and economics could not possibly exist without the technological advances that have occurred over the past 100 years. When David Ricardo wrote Principles of Political Economy and Taxation in 1817, the British had just adopted the gold standard. Ricardo (1817) wrote of the difficulties of acquiring guineas for exchange. He described how guineas made several trips during the process of being obtained at the exchange bank and then conveyed to the country bank. Each time an exchange occurred during the guineas’ journey from exchange bank to country bank, risk, expense and time were incurred (Ricardo, 1817). In today’s economics environment, funds are wire transferred or...
The end:
.....nomy’.” Business Economics. (April 2001) 9-14.
Mokyr, Joel. “Ken Sokoloff and the economic history of technology: an appreciation.” Northwestern University. (November 2009).
Ricardo, David. Principles of political economy and taxation. London: John Murray. (1871) 3rd ed., 262-270.
Smith, Adam. (1776) Of the division of labor. An inquiry into the nature and causes of the wealth of nations. London: W. Strahan and T. Cadell, 1776, reprinted, New York Modern Library, 1937. 22-23.
United States Department of the Treasury. (2006) Retrieved from http://www.treasury.gov/about/education/Documents/brochure%20(1).pdf
United States Department of the Treasury. (2011, March). Treasury Bulletin. Retrieved from http://www.fms.treas.gov/bulletin/b2011_1.pdf