efficiency

Evolution of 3D Printing

Submitted by 4ndy, Published on Mon, 03/25/2013 - 23:31

3D printing, the amazing technology that has recently grasped the media's attention, evokes comparisons to Star Trek's 'replicator' that could assemble any known object out of its basic molecules. Behind all the hype, what can it do, and will it really change our world?

Resource-based translation of ‘economic growth’

Submitted by Dirk-Jan van de Ven, Published on Sat, 12/03/2011 - 08:14

Classical economists are used to making the claim that vast economic growth is mainly the result of the application of the market system as designed by Adam Smith since around 1800, followed by the specific monetary systems introduced during the 20th century. As an argument, they show that GDP growth levels were a lot higher after 1800 than before 1800, implying a significant increase of ‘welfare’ due to the market system.