Economic History

How the Tesla (Factory) Is Like the Model T (Factory)

Weekly Economic News Roundup and EV sound design
Comments (2)
  1. Kaitlin Johnson says:

    This was a fun post as I saw that Marginal Revolution piece and Econtalk episode. Another blog I follow, Tim Harford’s, today discussed the gradual retirement of the 737 airplane. He talked about its supposed replacement, the Concorde. Though this plane is a great new innovation, it was never a great innovation. It never got to be affordable and accessible enough to be a true innovation. He argued that maybe we shouldn’t throw out all old things just because they are old.

    1. Thanks for alerting me to the Tim Harford article. It ideally balances our thinking about innovation.

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