orthonormal comments on For progress to be by accumulation and not by random walk, read great books - Less Wrong
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Specific technologies arise and fall. Capital accumulates and depreciates. Governments make up numbers. Physics touches everything, especially through solid state and semiconductor physics in recent years. Finally, as the post emphasized, ideas are a sort of capital, and accumulate over time, even if new ideas are no better than old ones, so long as the old ones aren't thrown out.