Replicators a Reality
Posted By Don Boudreaux On July 9, 2011 @ 9:32 am In Complexity & Emergence,Creative destruction,Innovation,Technology,The Future,The Profit Motive,Video | Comments Disabled
Recently I posed this far-out scenario [1] as a means of stimulating careful thought about economic progress and the way that progress is measured using conventional concepts and national-income-accounting categories.
Turns out that my scenario isn’t as far-fetched as I assumed [2]. (HT to the more-than-a-dozen people who’ve sent me links to this video) Wow. Wow! Wow ten-thousand times over!
Watching this remarkable technology, I can’t help but reflect on the importance of Matt Ridley’s point that progress is fueled by ideas having sex with each other [3]; the resulting creativity makes optimism rational.
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Article printed from Cafe Hayek: http://cafehayek.com
URL to article: http://cafehayek.com/2011/07/replicators-a-reality.html
URLs in this post:
[1] this far-out scenario: http://cafehayek.com/2011/07/a-source-of-wealth-or-stagnation.html
[2] Turns out that my scenario isn’t as far-fetched as I assumed: http://www.youtube.com/watch?v=ZboxMsSz5Aw
[3] Matt Ridley’s point that progress is fueled by ideas having sex with each other: http://www.amazon.com/Rational-Optimist-How-Prosperity-Evolves/dp/006145205X/ref=sr_1_1?s=books&ie=UTF8&qid=1278935898&sr=1-1
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[8] Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2011%2F07%2Freplicators-a-reality.html&Title=Replicators%20a%20Reality
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[13] Tweet: https://twitter.com/share
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