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Slowdown aviation and modernity's lost dynamism

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dc.contributor.author Ammous, Saifedean
dc.date.accessioned 2018-03-23T13:37:04Z
dc.date.available 2018-03-23T13:37:04Z
dc.date.copyright 2017 en_US
dc.identifier.uri http://hdl.handle.net/10725/7261
dc.description.abstract The inevitability of technological progress is one of the most widely-held beliefs of our era but there is one very important field in which technological progress appears not only to have stagnated, but reversed. Examining the technical and commercial reality of modern aviation, there are three objective markers of slowdown. First, airplanes operational today can no longer reach the speed and altitude records set four decades ago. Second, commercial flight times have not only failed to get shorter, they actually take longer than they did in the past. Third, forty years after its introduction, supersonic flight is no longer available for civilians, neither in commercial nor private jets. While flight today is safer, cheaper, and more widespread than in the past, it has become slower, and jet-makers are strangely not even interested in exploring ways of making it faster. The paper concludes with a discussion of the cultural, political, economic, and institutional reasons behind this slowdown. The receding state of the art in aviation acts as both an object lesson and a warning for the state of economic dynamism overall. en_US
dc.language.iso en en_US
dc.relation.ispartofseries Working paper / Center on Capitalism and Society, Columbia University; no. 95 en_US
dc.title Slowdown aviation and modernity's lost dynamism en_US
dc.type Conference Paper / Proceeding en_US
dc.author.school SOB en_US
dc.author.idnumber 200905039 en_US
dc.author.department Department of Economics (ECON) en_US
dc.description.embargo N/A en_US
dc.keywords Aviation en_US
dc.keywords Supersonic en_US
dc.keywords Speed en_US
dc.keywords Records en_US
dc.keywords Innovation en_US
dc.keywords Flight en_US
dc.identifier.doi http://dx.doi.org/10.2139/ssrn.3036275 en_US
dc.identifier.ctation Ammous, S. H. (2017). Slowdown Aviation and Modernity's Lost Dynamism. Columbia University, Center on Capitalism and Society, Working Paper No. 95, September 2017. en_US
dc.author.email saifedean.ammous@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3036275 en_US
dc.author.affiliation Lebanese American University en_US


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