July 01, 2002

A Trillionfold Fall in the Price of Computation

William Nordhaus (2002), "The Progress of Computing" (New Haven: Yale University xerox), heroically ventures where angels fear to tread and constructs estimates of the falling price of computation: trillionfold in the past 60 years: 35 percent per year compounded continuously. A halving time of 2 years.

Posted by DeLong at July 1, 2002 10:10 PM

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