Economist:Erik Brynjolfsson
Erik Brynjolfsson
Biography
Director of the MIT Initiative on the Digital Economy, professor at MIT Sloan.
School of Thought
Digital Economics
Notable Quotes
On Productivity Paradox in Digital Age
"We're living in the age of the second machine age, where digital technologies are doing for mental power what steam did for muscle power."
—Erik Brynjolfsson, The Second Machine Age (2014), p. 8, W. W. Norton & Company
On Economic Measurement in Digital Economy
"GDP and productivity statistics miss much of the value created by digital innovation."
—Erik Brynjolfsson, Machine, Platform, Crowd (2017), p. 124, W. W. Norton & Company
On Wealth Inequality and Technology
"The paradox of our age: we're awash in innovation but median income is stagnating."
—Erik Brynjolfsson, Race Against the Machine (2011), p. 37, Digital Frontier Press
Additional Notable Quotes
On Human Capital in Age of AI
"We're racing with machines, not against them."
—Erik Brynjolfsson, TED Talk (2013), February 26, 2013
On Intangible Assets and Valuation
"The biggest economic story of our time is the transformation from atoms to bits."
—Erik Brynjolfsson, MIT Sloan Management Review (2014), January 21, 2014, "The Second Machine Age"
On Economic Measurement in Digital Economy
"Productivity growth is happening, but it's disguised by free digital goods."
—Erik Brynjolfsson, Harvard Business Review (2019), November 15, 2019, "The Productivity Paradox of the Digital Economy"