Monday, July 30, 2007

How Technology Leads to Economic Development

Tyler Cowen quoting from The Pursuit of Glory, Europe 1648-1815 by Tim Blanning:

Four or six draught animals were needed to pull a coach and they had to be changed every 6 to 12 miles, depending on the condition of the roads.  In England it was calculated that one horse was needed for every mile of a journey on a well-maintained turnpike road.  So, for the 185 miles from Manchester to London, 185 horses had to be kept stabled and fed to deal with the seventeen changes required by the stagecoaches which traveled the route.  Those horses in turn required an army of coachmen, postillions, guards, grooms, ostlers and stable-boys to keep them running.  As a coach could carry no more than ten passengers, fares were correspondingly high and out of reach of the mass of the population.  A journey from Augsburg to Innsbruck by stagecoach, although little more than 60 miles as the crow flies, would have cost an unskilled laborer more than a month's wages just for the fare.

Compare that to how much it would cost to drive an average car 60 miles.  Probably less than $10 in gasoline.  Even a grad student can afford that!

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