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August 04, 2010

Techonomy - Reinventing the Economy - Combination, Complexity and Value

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Reinventing the Economy: Combination, complexity and value
Speaker: Brian Arthur, Santa Fe Institute


all of the complexity in the world has arisen from combining simpler things

Economist used to have a view that the economy exists stand alone and then inventions and technology are originated (the economists did not know how) and then they were integrated into the economy

Later study - technology are created from simpler objects (pre-existing technology).
Discusses the lunar landing as the sum of multi-stage rocketry, space capable enclosures for keeping astronauts alive, orbiting and other capabilities


I am finding nothing useful in what he is saying



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