Economic Consequences of Moore's Law

20 Pages Posted: 20 May 2013 Last revised: 22 Jun 2014

See all articles by Rupert Macey-Dare

Rupert Macey-Dare

University of Oxford - Saint Cross College; Middle Temple; Minerva Chambers

Date Written: May 20, 2013

Abstract

This paper considers the potential consequences if Moore’s Law, an empirical law about exponentially increasing computing power, continues to hold into the foreseeable future. Areas considered include: a generalized version of Moore’s Law (GML), likely new social classes in a GML world, likely changes in the distribution of income and wealth, potential effects on existing political systems and the spread of political systems, national and international taxation, optimal currencies, country numbers and sizes, demographics and potential leveling then shrinking plus aging of the global population, potential long term dominance of machine intelligence, and the potential timing and number of human generations for such effects to occur.

Keywords: Moore's Law, demographics, computing, computation, exponential growth, exponential contraction

JEL Classification: C53, E37, F47, H21, H53, H87, J11, J21, J22, J31, J44, O11, O12

Suggested Citation

Macey-Dare, Rupert, Economic Consequences of Moore's Law (May 20, 2013). Available at SSRN: https://ssrn.com/abstract=2261119 or http://dx.doi.org/10.2139/ssrn.2261119

Rupert Macey-Dare (Contact Author)

University of Oxford - Saint Cross College ( email )

Saint Giles
Oxford
United Kingdom

Middle Temple

Middle Temple Lane
London, EC4Y 9AT
United Kingdom

Minerva Chambers

London
United Kingdom

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