Subscribe to RSS Feed

New Economics Law

on February 11th, 2009 by Phil_N

You have probably heard of the economics principle “Law of Diminishing Returns”? Well, according to a quote from the Business Observer, there is an opposite one. Quote (February 4, 2009):

“The law of accelerating returns means technology eventually will be a million times more  powerful than it is today and cause profound transformation.”, said futurist Ray Kurzweil.

  • Share/Bookmark
| Posted in Did You Know

One Response to “New Economics Law”

  1. newbie
    February 12th, 2009 at 12:23 am

    I sure hope that part of the profound transformation will inlcude significant creation of jobs.

Leave a Reply


Comments are held for moderation, so you don't need to re-submit your comment if your it does not appear immediately.