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1. (The Evolution of the Firm) Get a library copy of The Wealth and Poverty of Nations, by David Landes, and read pages 207-210. How would you interpret Landes's story about mechanization using the ideas developed in this chapter?

2. (Wall Street Journal) The household is the most important decision-making unit in our economy. Look through the rotating columns (e.g.,"Work and Family" and "Personal Technology") in the Wall Street Journal this week. Find a description of some technological change that might affect household production. Explain how production would be affected.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91719688

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