Economist:Erik Brynjolfsson

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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."[1]

On Economic Measurement in Digital Economy

"GDP and productivity statistics miss much of the value created by digital innovation."[2]

On Wealth Inequality and Technology

"The paradox of our age: we're awash in innovation but median income is stagnating."[3]


References

  1. ↑ Erik Brynjolfsson, The Second Machine Age (2014), p. 8, W. W. Norton & Company
  2. ↑ Erik Brynjolfsson, Machine, Platform, Crowd (2017), p. 124, W. W. Norton & Company
  3. ↑ 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."[1]

On Intangible Assets and Valuation

"The biggest economic story of our time is the transformation from atoms to bits."[2]

On Economic Measurement in Digital Economy

"Productivity growth is happening, but it's disguised by free digital goods."[3]

  1. ↑ Erik Brynjolfsson, TED Talk (2013), February 26, 2013
  2. ↑ Erik Brynjolfsson, MIT Sloan Management Review (2014), January 21, 2014, "The Second Machine Age"
  3. ↑ Erik Brynjolfsson, Harvard Business Review (2019), November 15, 2019, "The Productivity Paradox of the Digital Economy"
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