William Ogburn is viewed as the founder of the Cultural Lag theory. The argument of the book is that material conditions, for instance, technology, influence creation of non-material culture: mores and values. In other words, material condition (cultural or even environmental) walk in front of customs and laws. That view is not altogether new and was mentioned earlier by Marx and later by Hayek. Unfortunately, Ogburn, for some reason, usually gets little credit for his development of Cultural Lag. What distinguishes Ogburn from Marx and other theorists is that he particularly stressed out that cultural values and laws do not have time to adjust fast enough to meet the demands of technological change. Today, for instance, transnational corporations use instant monetary transactions due to increadible technological innovations in computer science, while governments have no laws and power to tax the TNCs properly, nor to regulate flux of American jobs abroad. Ogburn would have said that federal governments in the world today are operating with the rules and ideology emerged 200 years ago, while transnational corpoprations do not wait and embrace any innovations technological process presents. Until a terrible disaster has happened due to maladjustment of the system as a whole, the modern states are unlikely to take any radical action. That is the caltural lag.