Investment-specific technological progress refers to progress that requires investment in new equipment and structures embodying the latest technology in order to realize its benefits.
Read more about Investment-specific Technological Progress: Introduction, Importance, A Simple Example: The Microwave Oven, How Do You Measure Investment-specific Technological Progress?, Conclusion
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“In progress of time, when my mind was, as it were, strongly impregnated with the Johnsonian æther, I could, with much more facility and exactness, carry in my memory and commit to paper the exuberant variety of his wit and wisdom.”
—James Boswell (1740–1795)