"The Singularity," The New Humanists: Science at the Edge (2003)
“Thus the so-called Moore's law is incorrect, since it implies only an exponential growth.”
Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 379.
Context: Faster-than-exponential growth also occurs in computing power, as measured by the evolution of the number of MIPS per $1,000 of computer from 1900 to 1997. Thus the so-called Moore's law is incorrect, since it implies only an exponential growth. This faster than exponential acceleration has been argued to lead to a transition to a new era, around 2030, corresponding to the epoch when we will have the technological means to create superhuman intelligence.
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Didier Sornette 27
French scientist 1957Related quotes
“Only a faster-than-exponential stock market growth makes private investors feel richer.”
Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 375
Context: In order to have a continuing influence, the stock market has to continue rising at an accelerating pace faster than exponential. Only a faster-than-exponential stock market growth makes private investors feel richer.
Attributed to Kenneth Boulding in: United States. Congress. House (1973) Energy reorganization act of 1973: Hearings, Ninety-third Congress, first session, on H.R. 11510. p. 248
1970s
Variant: Anyone who believes in indefinite growth in anything physical, on a physically finite planet, is either mad or an economist.
The Age of Spiritual Machines: When Computers Exceed Human Intelligence (1999)
Thinking in Systems: A Primer (2008), Appendix (summary)
Source: The Fifth Miracle: The Search for the Origin and Meaning of Life (1999), Ch. 10: 'A Bio-Friendly Universe?', p. 271
Four Minute Essays Vol. 5 (1919), The Human Heart
Source: An Introduction to Cybernetics (1956), Part 2: Variety, p. 130