New indications of managerial innovations are created and then used to show that changes in organizational technologies are an important source of economic growth. Specifically, the analysis demonstrates that, first, in response to a positive managerial technology shock, output, productivity and...

We present new indicators of U.S. technological change for the period 1909-49 based on information in the Library of Congress’ catalogue. We use these indicators to estimate the connections between technological change and economic activity, and to investigate the relationship between...

The water-mill, though known in the Roman Empire from the second century BCE, did not come to enjoy any widespread use until the 4 th or 5 th centuries CE, and then chiefly in the West, which was then experiencing not only a rapid decline in the supply of slaves, but also widespread...