Ever-increasing wealth will be generated by ever-faster technological advances.
The university includes a school of language and literature, a general scientific school, a school of agriculture, a technological school, a school of pedagogy, a normal school, and an agricultural experiment station.
Imagine what we can do in the future with a thousand times more technological advancement.
And because agriculture is a technology, subject to technological advance, advances in agriculture will quicken and multiply, leading to improved nutrition and decreased hunger and famine.
If the answers to those questions are affirmative, then making assumptions about increasing rates of technological progress is very reasonable.
We have established that outsourcing, free trade, and technological advance all have the same effect on the system: They lower prices and increase net wealth.
Then we can focus our energy on an area now so inefficient that technological advances inevitably will produce dramatic gains: agriculture.
But I do not believe these technological leaps forward are a threat to good food.
Second, in the past, technological improvements did not decrease human beings' propensity to wage war; they only made people better at killing.
Scarcity, or what we term scarcity, is a technological problem as well. 4.
Many technological problems I don't address in this book, but I believe technology will provide solutions for those also.
Or astounding technological breakthroughs that have no precedent in reality.
Do I need to prove we have an explosion of technological progress dwarfing the wildest dreams of any age?
This technological shift will have profound effects on the course of human history.
And the third way wealth is created is through technological advance.
For the foreseeable future, technological advance will drive the world of wealth creation—and it is capable of producing more wealth than everything that has come before it.
Technological advances that displace human workers are similar in effect to two other concepts with which we are very familiar in the modern age: outsourcing and free trade.
My purpose is to explain the net effect of free trade, technological advance, and outsourcing on the overall economic system of the planet.
But in spite of the relative economic displacement they all cause, free trade, outsourcing, and technological displacement all have a positive net effect on the economics of the planet.
The report also cited a mid-1950s report that found 85 percent of economic growth was attributed to technological change in the period 1890 to 1950.
The wealth created by technological advance will grow as fast as technology grows.
But eventually, all of humanity will get there for the simple reason that compounding exponential economic growth fueled by technological advances will produce vast abundance for all.
A handful of people were building an annex onto one of the buildings with their hands rather than with the technological tools she'd seen create structures.
In technological science special instruction is given - in addition to the scientific departments of the schools already mentioned - in the Worcester Polytechnic Institute (1865), and the Massachusetts Institute of Technology (opened in 1865).