[About the Foresight Institute]|
"It is an extraordinary era in which we live. It is altogether new. The world has seen nothing like it before. I will not pretend, nobody can pretend, to discern the end. But everyone knows that the age is remarkable for scientific research.... The ancients saw nothing like it. The moderns have seen nothing like it till the present generation."These words apply to today and, with equal validity, to the 1950's, the 1920's, the 1890's, and the 1850's. They were spoken by Daniel Webster in 1847. The experience of 150 years of accelerating technological change, all at previously unprecedented rates, teaches us something about the likely economic effects of technological change, of whatever nature and magnitude.
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