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" Since 1800, technological advance has been associated with economic growth. The new stuff being built saved labor input, which was then put into the construction of other things. However, the most recent technological advances may not be growth-inducing. As Samuelson puts it, "Gordon sees the Internet, smartphones and tablets as tilted toward entertainment, not labor-saving."" Professor Edward Castronova, who once wrote a book about the exodus to virtual worlds, sees some more evidence of an exodus recession.  He's not just talking about virtual worlds however, but also about your average digital stuff such as tablets and smartphones. It makes us want less 'real' things and so it makes it harder for the economy to grow. One might say, let's measure growth in a different way, taking into account this digital shift. But then again, our social security for instance depends on the economy and the money which is actually earned there.  So will we all hide into virtual worlds to forget the misery of the recession-ridden 'real world'? Or is this speculation very wrong, as the digital evolution is now affecting the 'world of the atoms' in a radical way (think 3D printers, hardware and bio-hacking). 

"We've noted on more than one occasion that economists may be missing a trick when it comes to how technology is changing the global economy. More so, that developments like 3D printing, could even pose a black-swan risk for Asia in their own right."

"Project aims to let anyone print a gun in their own home, raising new concerns about the legality of homemade firearms" There really was no reason to believe people would only use this technology to print cute toys and cool components for race bikes. 

I can take a photo of a check and deposit it in my bank account, then turn around and find a new book through a Twitter link and buy it, all while being surveilled by a drone in Afghanistan and keeping track of how many steps I've walked. The question is, as it has always been: now what?

Situated Technologies, a project by Omar Khan, Trebor Scholz, and Mark Shepard, is a co-production of the Center for Virtual Architecture, The Institute for Distributed Creativity (iDC), and the Architectural League of New York.

Economists are failing to account for mass technological innovations when making forecasts and constructing models.

Will the evolution of the internet reduce or increase cognitive inequality? The answer may not be so straightforward. 

Yet 3D printing is just one of many production technologies and trends which are transforming the way companies will be able to make things in the future. The old rules of manufacturing, such as "you must seek economies of scale" and "you must reduce unit-labour costs", are being cast aside. New machines can print every item differently. More flexible robots are getting cheaper and better at doing all the boring and dirty stuff.

It seems more top-tier economists are coming around to the idea that robots and technology could be having a greater influence on the economy (and this crisis in particular) than previously appreciated. Paul Krugman being the latest.

"The tech giant's 'wearable computing' project is now being tested by volunteers, meaning you might already have been surreptitiously filmed and uploaded on to Google's servers. How worried should you be?"

The world just changed yesterday. You probably didn't notice. But I guarantee strategists at Apple, Facebook, Amazon, Microsoft, and Google did. What happened? Qualcomm shipped a new contextual awareness platform for cell phones.

"Below we explain the evolution of the digital wallet and the beginning of the transformation from a cash-based society to one where currency lives in a digital form, in the devices we carry with us wherever we go."

"WHAT could well be the next great technological disruption is fermenting away, out of sight, in small workshops, college labs, garages and basements. Tinkerers with machines that turn binary digits into molecules are pioneering a whole new way of making things-one that could well rewrite the rules of manufacturing in much the same way as the PC trashed the traditional world of computing."

"By way of introduction, we turn to Vivek Wadhwa over at Forbes last month. The technology entrepreneur explained eloquently why China stands to lose so much more than anyone else if automation keeps advancing. Indeed, forget about real estate bubbles and mis-allocated capital, the rise of automation could be the greatest Chinese black swan of all."

"Nanoengineers at the University of California, San Diego have developed a novel technology that can fabricate, in mere seconds, microscale three dimensional (3D) structures out of soft, biocompatible hydrogels."

The former head of IBM managed his organization through the disruptive changes of economy and technology.