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About: Social savings     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatAcademicDisciplines, within Data Space : dbpedia.org associated with source document(s)

Type: topical conceptyago:WikicatTheoriesOfHistoryyago:Abstraction100002137yago:Cognition100023271yago:Content105809192yago:Discipline105996646yago:Explanation105793000yago:HigherCognitiveProcess105770664yago:KnowledgeDomain105999266yago:Process105701363yago:PsychologicalFeature100023100yago:Theory105989479yago:Thinking105770926yago:WikicatAcademicDisciplines New Facet based on Instances of this Class

Social savings is a growth in accounting techniques in order to evaluate the historical implications of new technology on economic growth. Developed in 1950 by American economic historian and scientist Robert Fogel, explains the methodology works to estimate the cost-savings of the new technology compared with the next best alternative. The first oral presentation was at the 1960 Purdue Cliometrics meeting, and the first published version was in the Journal of economic history in 1962.