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MichaelVassar comments on For progress to be by accumulation and not by random walk, read great books - Less Wrong

35 Post author: MichaelVassar 02 March 2010 08:11AM

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Comment author: MichaelVassar 03 March 2010 05:28:01PM 3 points [-]

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.