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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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[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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