Technology & the Economic Growth Imperative

On October 9, 1910, the New York Times published an analysis of a perplexing new question in transportation technology. The crucial inputs were oil, gasoline, hay, and oats. The output was passenger miles per dollar. The title of the article was â??Auto vs. Horse.â? The verdict? â??Six-Day Test Shows Motor Car Cheaper and More Efficient Than Animal.â? At 1.57 cents per passenger mile versus 1.84 cents, the auto beat the equineâ??by a nose. . .