Science, Technology, and Wealth
Abstract
Models for the growth of science, technology and wealth are presented. The traditional, linear, model, first formulated by Francis Bacon and beloved by State officials, put them in that order. A more realistic model positions science as an offshoot of technology and wealth. Nevertheless, nanotechnology, in common with the nuclear industry, appears to better fit the lines of the traditional model rather than the realistic model that well describes most of the history of technology within human societies.
Keywords
Linear model; Alternative model; Exponential growth; Social value
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