As time passed, our ability to more efficiently use resources meant that specialization of work and the development media of exchange allowed us to create the idea of an economy.
Societies became structured around these ideas, literally so in cases such as caste systems.
The Panglossian view: Many authors like to point out that instead over the last two centuries that a great number of jobs have been created; many of these jobs would not have existed without the many new developments in social
Certainly we in the developed world live quite well: abundant food, affordable transportation, well-developed shelter and even remarkable travel accommodations.
As mentioned earlier in the lecture, economies are built on the idea of exchange; we are now seeing the possible development of media of exchange that can only exist because of technology.
Technology has of course immensely aided existing ideas, such as automating the process of transferring money, stocks, bonds, and other financial instruments.
Consider the expanses of mathematical finance
Indeed, some financial activities literally could not exist without the vast computations need to support these, such as risk management computations like VAR that must be computed for large securities firms
Michael Lewis's Flash Boys
"Unfortunately, as the mathematics of finance reaches higher levels so the level of common sense seems to drop. There have been some well publicised cases of large losses sustained by companies because of their lack of understanding of financial instruments... . It is clear that a major rethink is desperately required if the world is to avoid a mathematician-led market meltdown."
Technology, as it always has, is having a profound effect on the battlefield; for instance, Cyberwarfare on the Battlefield
"24.—War is a mere continuation of policy by other means.
"We see, therefore, that war is not merely a political act, but also a real political instrument, a continuation of political commerce, a carrying out of the same by other means. All beyond this which is strictly peculiar to war relates merely to the peculiar nature of the means which it uses. ... But however powerfully this may react on political views in particular cases, still it must always be regarded as only a modification of them; for the political view is the object, war is the means, and the means must always include the object in our conception." Clausewitz
What happens when the battlefield is wherever a drone can go?
What happens when local enforcement take up the tools developed for the battlefield? Police drones, Bill would allow Connecticut Police to Weaponize Drones
