The steam engine heralded the Industrial Revolution and a lasting large increase in doubling rate. I would expect a rapid economic growth after either of these inventions, followed by returning to the existing doubling rate.
After achieving a society of real abundance, further economic growth will have lost incentive.
We can argue whether or not such a society is truly reachable, even if only in the material sense. If not, because of human intractability or AGI inscrutability, progress may continue onward and upward. Perhaps here, as in happiness, it’s the pursuit that counts.
The steam engine heralded the Industrial Revolution and a lasting large increase in doubling rate. I would expect a rapid economic growth after either of these inventions, followed by returning to the existing doubling rate.
After achieving a society of real abundance, further economic growth will have lost incentive.
We can argue whether or not such a society is truly reachable, even if only in the material sense. If not, because of human intractability or AGI inscrutability, progress may continue onward and upward. Perhaps here, as in happiness, it’s the pursuit that counts.
Why do you expect a return to the existing doubling rate in these cases?