Technology
From Mises Wiki, the global repository of classical-liberal thought
Technology can be defined as knowledge or information which tell us how an end can be achieved by the employment of combinations of various means.[1] Or more simply technology consists of ideas on how to produce things.[2] Technology should be distinguished from the physical form, such a produced good, which embodies the technological idea.[2]
References
- ↑ Ludwig von Mises. "Human Action", 2010, page 208.
- ↑ 2.0 2.1 Shapiro, Milton. "Foundations of the Market-Price System", 2007, page 63-64.
