Loudspeakers have we really made that much progress since the 1930s?


Since I have a slight grasp on the history or loudspeaker design. And what is possible with modern. I do wonder if we have really made that much progress. I have access to some of the most modern transducers and design equipment. I also have  large collection of vintage.  I tend to spend the most time listening to my 1930 Shearer horns. For they do most things a good bit better than even the most advanced loudspeakers available. And I am not the only one to think so I have had a good num of designers retailers etc give them a listen. Sure weak points of the past are audible. These designs were meant to cover frequency ranges at the time. So adding a tweeter moves them up to modern performance. To me the tweeter has shown the most advancement in transducers but not so much the rest. Sure things are smaller but they really do not sound close to the Shearer.  http://www.audioheritage.org/html/profiles/lmco/shearer.htm
128x128johnk
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More sound out of smaller boxes. But only with more power. Also many new transducer technologies and innovations since then.  Probably also way more really good ones to choose from  with unique strengths and weaknesses. 

Are they better?     Not sure there is a ton of difference between the best then or now.   Lots of advance in the source devices and amplifiers feeding them though. 
" More sound out of smaller boxes" is a great advancement.
The horn speakers. There are many who won't listen to them, either vintage or modern.
I assume we're talking about home audio speakers.   

Sound overall all at large outdoor concert venues has increased greatly.   So better things seem possible at the largest scale.   


Most home home listening rooms aren't any larger today than years ago so not as great a challenge to max out what can be done there.  
ESL's. Walker's originals were very musical, but today's ESL's are cleaner, more dynamic, with an extra octave top and bottom. Magnepans are another innovation. Especially with cost-no-object aftermarket parts.

What about MBL?