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09/26/18 05:43 AM #4    


Laurie Thomas Vass

10/27/18 09:08 AM #5    

Shelley Crisp

Our elected leaders. Wonder what they are doing now? Who were Sanderson’s senior class officers?

11/26/18 07:51 AM #6    


Laurie Thomas Vass

The Theory of Technology Evolution

Laurie Thomas Vass

Copyright© 2019. The Great American Business and Economics Press. GABBYPress.

All rights reserved under Title 17, U.S. Code, International
And Pan-American copyright conventions.

No part of this work may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, scanning, recording or duplication by any information storage or retrieval system without prior written permission from the author(s) and publisher(s), except for the inclusion of brief quotations with attribution in a review or report. Requests for reproductions or related information should be addressed to the author c/o Great American Business & Economics Press, 620 Kingfisher Lane SW, Sunset Beach, N. C. 28468.
Printed in the United States of America
January, 2019

Table of Contents

Introduction: The Direction of Technological Change.

Chapter 1.
An Overview of Theory of Technology Evolution.

Chapter 2. 17.
The Scope of the Metaphor Between Biological Evolution and Technology Evolution.

Chapter 3. 25
Building The Theory of Technological Evolution Upon the Foundation of General Equilibrium Theory.

Chapter 4. 37
Sustaining Innovation as Asexual Reproduction.

Chapter 5. 46
Disruptive Innovation As Two-Parent Genetic Cross Over.

Chapter 6. 49
The Relationship Between Technology Evolution and Capital Investments.

Chapter 7. 51
The Function of Consumer Expectations and Evolution.

Chapter 8. 57

The Relationship Between Income and Technological Evolution.

Chapter 9. 59
How Technological Evolution Changes the Structural Relations of Inter Industry Relationships.

Chapter 10.
The Emergence of New Future Markets. 62

Chapter 11.

The Contribution of Schumpeter to Evolutionary Economics. 65

No automatic alt text available.


11/27/18 08:47 AM #7    

Francis Hale


01/10/19 09:03 AM #8    

Shelley Crisp

Time to jog the memory. Can you identify any of these figures from the Broughton staff?

01/11/19 10:27 AM #9    

Joseph M. "Buddy" Jenrette

Mrs. Carter

Miss McDearmon

Mrs. Cogdell

Herr Watts

Those are the ones i recognize.

Buddy Jenrette

01/11/19 12:17 PM #10    

Robert Ruby

Fourth from left is Edward Blakeway. 

01/24/19 12:25 PM #11    

Shelley Crisp

Seeing double? There are three sets of senior twins in this photo. Can you identify them? Time to get out those LATIPACS and start browsing. By the way, who knows where the name of our yearbook originated? If you are the first to identify the twins and/or the first to answer the question correctly, you may just win a prize in September.

01/26/19 08:22 AM #12    

Norman "Butch" Miller

Beth and Jack Michaels,

Ronald and Donald Sykes

John and James McAllister


Capital spelled backwards

01/27/19 11:51 AM #13    

Shelley Crisp

Another winning entry!


01/27/19 10:53 PM #14    

E. Scott Huffman

Those I recognize:

James and John McAllister

Debroah and Beverly Johnson

Bob and Tom Hilker


05/29/19 11:22 AM #15    

Shelley Crisp

Time to celebrate the Class of ‘69!

Do you recognize anyone in this large group from Sanderson? How about this studious trio from Broughton?




05/30/19 08:07 PM #16    

Lester Lloyd

My wife thinks that is me on the left in the Broughton photo. Lester Lloyd

05/31/19 09:28 AM #17    

Lee Salisbury

You know you’ve got a good wife when she can look at a 50 year old picture and tell you that it looks just like you!

05/31/19 12:51 PM #18    

John Margeson

Doug Utley...middle of the page, serious look, facing camera but looking away.  He is in the profile list twice.

05/31/19 01:34 PM #19    

Brenda Ray (Martin)

Yes, Lester, your wife is right. I bet you haven't changed at all! The trio in the photo is you, Muriel Elliott and I'm not sure of the third person, but I think it is Forest Goldston. 


06/01/19 09:42 AM #20    

Martha Wooldridge (Younts)

Lester, Muriel Elliot (Mimura), and Forrest. Muriel is now a talented, famous, award-winning, globe-trotting artist. And I am a boring grandmother....


06/02/19 07:49 AM #21    

Shelley Crisp

Okay, friends: time to look through the boxes and scrapbooks in the attic for 1968-1969 vintage photos to share. OR I could start posting senior yearbook portrait pages... not a bad idea!

06/02/19 10:28 PM #22    


Muriel Elliott (Mimura)

Yes, I am in the middle and Forrest Goldston on the right.  Thank you for the accolades, Marty!  Sadly, Forrest died in 2011.

06/03/19 12:25 PM #23    

Carl Freedman

I would add that, though Marty is indeed a grandmother, she is by no means boring!

06/06/19 10:23 AM #24    

Shelley Crisp

Which way did we go, the caption asks. Can’t wait to hear some answers in September!



06/06/19 02:49 PM #25    

Lee Salisbury

Was Dale supposed to be in that picture, or was he just strolling through when the photographer pushed the button?
Also Professor Gardner, isn’t that you with the groovy necklace on?

06/11/19 01:45 AM #26    

George Douvris

Greetings from Sri Lanka. My wife Stephanie and I left our home and small organic farm in Hawaii over  a year ago for a 40th wedding anniversary journey. A few months after we arrived in India, we learned that the lava eruption in Hawaii had created a brush fire and burned down our house. There still is no road access so we are going to nest in this part of the world until we can get back to rebuild and replant.
I am sorry not to be able to make it to the reunion nor to the Woodstock one that I had hoped. It's nice to reminisce in the meantime through everyone's comments. I'll look forward to the photos and videos and a lovely time to all.

06/12/19 09:45 AM #27    

Betty Jean Dailey (Murray)

Does anyone remember Brenda Strubig? If so, do you know where or how she is????

06/15/19 03:29 PM #28    


Alan Thorne

As to Shelly Crisp post, I think I am the far right dude - though hard to recognize. We all had those cool glasses on.   Al Thorne. 

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