Many new technologies exhibit clear generational changes. The empirical literature on technology diffusion traditionally analyses the spread of new technologies generically. We use data from the mobile phone industry, where first-generation (1G) and second-generation technologies (2G) can be...

Combining theoretical work with careful historical description and analysis of new data sources, History Matters makes a strong case for a more historical approach to economics, both by argument and by example. Seventeen original essays, written by distinguished economists and economic...