By Arnold Kling
In reading The Next Fifty Years, a collection of essays edited by John Brockman of Edge.org, I was struck by the following quote from Rodney Brooks, director of MIT’s Artificial Intelligence laboratory.
Our thirty-year goal is to have such exquisite control over the genetics of living systems that instead of growing a tree, cutting it down, and building a table out of it, we will ultimately be able to grow the table.
This is an eloquent description of the role of knowledge in economic growth.
For Discussion. How would you explain to someone that knowledge-driven economic growth tends to alleviate resource constraints?