EconAir

  The Agricultural Revolution - settled farming, domestication of animals, irrigation - started about 10,000 years ago. The technology changed little until the beginning of the Industrial Revolution in the 1700s. Because of the Industrial Revolution, agriculture has been radically transformed.  A consequence of the “industrialization” of agriculture has been that farming has changed from subsistence farming (raising food to feed the farming family) to commercial farming (growing crops to sell in markets). Because of the reduction in transportation costs, markets for farm products are now global. Like other industries, agriculture has gone through waves of absorbing innovation and new technology developed by input suppliers. Agriculture, especially grain production, has been transformed by   steel plows and implements.  animal-drawn harvesters and combines.  tractors and other mechanized equipment. chemical fertilizers. pesticides. herbicides. irrigation systems....

FIND POSTS BY CATEGORY The Beginning of the Modern Global Economy:  The Economic Rise of England Before the Industrial Revolution The Beginning of the Industrial Revolution in England and America The theme of the following five sections of the blog is that innovation and information, not price competition, are the main factors for understanding economic growth, competition, market structure and analysis. Basic Concepts and Theory Corporate Strategies And Management Market Behavior and Structure Market Dynamics and Information:  How Markets Work Economic Theory and Markets There is beginning a historic change in future populations and their demographics. This will interact with other variables and have a serious, maybe profound, effect on future economic growth. Demographics, Population Projections and Economics American History American Economic History Politics of the United States The Roman Republic and America - Differences and Some Possible Parallels China India Niger...