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What is an “epochal innovation” as discussed in class and found in the Neal and Cameron...

What is an “epochal innovation” as discussed in class and found in the Neal and Cameron (N&C) text? What is the difference between Kuznet’s original conception of an epochal innovation and that of C&N?

Relate an epochal intervention to the logistics curve and give an example from economic history of an epochal innovation (clarify if you are using Kuznet’s or N&C’s definition of an epochal innovation).

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(According to Kuznet's) Epochal Intervention is nothing but the major breakthroughs in the advance of human knowledge where the dominant sources of sustained growth over long periods of time on the whole. Epochal Interventions are the subsets of genetic innovations where the examples actually include xerox machine, digital copying machine and such other innovations. The logistics and technological development are the parts of the the increasing trade and technological innovation can increase the demand of the logistics trade and the relationship between the two can have an upward sloping curve on the whole.

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