I'd appreciate some feedback on a brain dump I did on economics and technology. Nothing revolutionary here. Just want people with more experience on the tech side to check my thinking.
Thanks in advance
http://modeledbehavior.com/2010/03/11/the-economics-of-really-big-ideas/
Re: "Already we have computer programs which can re-write existing to programs to run faster. These programs can also re-write themselves to run faster. However, they cannot rewrite themselves to become better at re-writing themselves faster."
You mean that they can't do that alone? Refactoring programs help speed up their own development, and make it easier and faster to make improvements in a set of programs that often includes their own source code.
It's not total automation - but partial automation is still very significant progress.
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