This article provides a survey of key papers that characterise computable functions, but also provides some novel insights as follows. It is argued that the power of algo- rithms is at least as strong as functions that can be proved to be totally computable in type-theoretic translations of subsystems of second-order Zermelo Fraenkel set theory. Moreover, it is claimed that typed systems of the lambda calculus give rise naturally to a functional interpretation of rich systems of types and to a hierarchy of ordinal recursive functionals of arbitrary type that can be reduced by substitution to natural number functions.