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Economic Analysis of the Nanotech Future

Posted by michael on from the nanoo-nanoo dept.

nweaver writes "Economic Historian and Berkeley Professor Brad DeLong has created an analysis on his Web Log on the economic implications of Nanotechnology. His observations are based on what previously happened with the Industrial Revolution (and other economic shifts in general) and using this to speculate what Nanotech will do to the economy: who wins (technical/knowledge workers), who loses (manufacturing), and what changes (costs of products)."

2 of 188 comments (clear)

  1. Re:Hmmm... by HMA2000 · · Score: 0, Flamebait

    In this world you describe what would be the incentive to own stocks?

    Stocks provide access to capital for corporations. Without access to equity capital they would only have debt avenues left. But then again, what incentive would the banks have to loan money? Profit?

    I don't think nanotech is going to be the panacea some people would hope but if it eliminates scarcity then this "corporatocracy" you speak of would have no access to capital and would waste away.

  2. Re:Sorry, we discussed most of this yesterday by rebeka+thomas · · Score: 0, Flamebait

    We discussed it yesterday about a fellow named "Smaller"

    Now today there's another article by Mr DeLong

    the long and the short of it, indeed.

    --
    RST