Economics and Technologycal Development

Looking back into ancient history, economics can be said to have arrived on the scene when the occasional, spontaneous exchange of goods and services began to occur on a less occasional, less spontaneous basis. It probably did not take long for the maker of arrowheads to realize that he could probably do a lot better by concentrating on the making of arrowheads and barter for his other needs. Clearly, regardless of the goods and services bartered, some amount of technology was involved—if no more than in the making of shell and bead jewelry. Even the shaman's potions and sacred objects can be said to have involved some technology. So, from the very beginnings, technology can be said to have spurred the development of more elaborate economies.
In the modern world, superior technologies, resources, geography, and history give rise to robust economies; and in a well-functioning, robust economy, economic excess naturally flows into greater use of technology. Moreover, because technology is such an inseparable part of human society, especially in its economic aspects, funding sources for (new) technological endeavors are virtually illimitable. However, while in the beginning, technological investment involved little more than the time, efforts, and skills of one or a few men, today, such investment may involve the collective labor and skills of many millions.