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Influences on Society- Michael Novak stated that there were three influences on any society Political influences Economic influences and MoralCultural influences The political influences consist of the governmental body of that society and the laws and regulations set by this governing group The moralcultural influences consist of the voluntary associations of a society the churches media education systems the people in this society The final influence being the economic influence which is the rate of employment GDP incidence of poverty and structure of economic activity Novak made this theory into an object a triangle of sorts with each influence being a point on this triangle Novak goes on later in his theory to deal with other influences but as other dimensions What Novak appears to have missed in his theory is another very important influence on society that influences and is influenced by the other points of this triangle technology The Middle Ages did come up with a few inventions such as windmills and horseshoes but technological process was imperceptible compared with what is happening now Very soon a fiber the diameter of a human hair will be able to transmit in less than a second the contents of every issue of The Economist magazine that was ever printed Economy Survey 4 Since Adam Smith economists have recognized that technology is important for growth but only in the past two decades have they been studying this subject in earnest 7 There pioneer was Joseph Schumpeter one of the few economists who tried to explain growth mainly in terms of technological innovation In the 1930s he presented a model that postulated growth through the interaction of bursts of technological development and competition between companies 8 His evidence pointed to history First the 1780s to the
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