[nabla9]

To keep discussion grounded. We should think this trough economic growth models. What model we use is not that important. You can use simple neoclassical Solow-Swan model as starting point and add more factors as you go.

You can play with the model in Wolfram Alpha http://demonstrations.wolfram.com/DynamicsInTheSolowSwanGrow...

Techno-optimists often argue naively that technological progress or increase in human capital works like magic without understanding how they dynamically interact with more basic factors of production like capital, output and labor.