The process of technological evolution culminates with the ability to achieve all the material values technologically possible and desirable by mental effort.
An economic implication of the above idea is that intellectual labour, will become increasingly more important relative to physical labour. Contracts and agreements around information will become increasingly more common at the marketplace. Expansion and creation of new kinds of institutes that works with information such as for example universities, book stores, patent-trading companies, etc. is considered an indication that a civilization is in technological evolution.
Interestingly, this highlights the importance underlining the debate over intellectual property in conjunction with decentralized distribution systems such as todays internet. Where the price of information distribution is going towards zero with ever more efficient tools to distribute information is being invented. Growing amounts of information being distributed to an increasingly larger customer base as times goes by. With growing disintermediation in said markets and growing concerns over the protection of intellectual property rights it is not clear what form markets for information will take with the evolution of the information age.
An economic implication of the above idea is that intellectual labour, will become increasingly more important relative to physical labour. Contracts and agreements around information will become increasingly more common at the marketplace. Expansion and creation of new kinds of institutes that works with information such as for example universities, book stores, patent-trading companies, etc. is considered an indication that a civilization is in technological evolution.
Interestingly, this highlights the importance underlining the debate over intellectual property in conjunction with decentralized distribution systems such as todays internet. Where the price of information distribution is going towards zero with ever more efficient tools to distribute information is being invented. Growing amounts of information being distributed to an increasingly larger customer base as times goes by. With growing disintermediation in said markets and growing concerns over the protection of intellectual property rights it is not clear what form markets for information will take with the evolution of the information age.
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