[chimeracoder]

> But, technology is a concept that is notoriously elusive in economics. That's because it's hard to clearly define in concrete terms useable in the context of economic theories, whether they're mathematical conceptual

That's not true. The word "technology" is quite precisely defined in economics, and the definition is generally agreed upon by economists. This definition does indeed lend itself to useful economic theories.

The challenge is that the economic term "technology" does not map 1-1 with the colloquial use of the word "technology", which leads to an abundance of confusion for people unaware of this distinction when they interpret economic analyses.