Economist:Erik Brynjolfsson
Erik Brynjolfsson[edit]
Biography[edit]
Director of the MIT Initiative on the Digital Economy, professor at MIT Sloan.
School of Thought[edit]
Digital Economics
Notable Quotes[edit]
On Productivity Paradox in Digital Age[edit]
"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[edit]
"GDP and productivity statistics miss much of the value created by digital innovation."[2]
On Wealth Inequality and Technology[edit]
"The paradox of our age: we're awash in innovation but median income is stagnating."[3]
On Human Capital in Age of AI[edit]
"We're racing with machines, not against them."[4]
On Intangible Assets and Valuation[edit]
"The biggest economic story of our time is the transformation from atoms to bits."[5]
On Economic Measurement in Digital Economy[edit]
"Productivity growth is happening, but it's disguised by free digital goods."[6]
References[edit]
- ↑ Erik Brynjolfsson, The Second Machine Age (2014), p. 8, W. W. Norton & Company
- ↑ Erik Brynjolfsson, Machine, Platform, Crowd (2017), p. 124, W. W. Norton & Company
- ↑ Erik Brynjolfsson, Race Against the Machine (2011), p. 37, Digital Frontier Press
- ↑ Erik Brynjolfsson, TED Talk (2013), February 26, 2013
- ↑ Erik Brynjolfsson, MIT Sloan Management Review (2014), January 21, 2014, "The Second Machine Age"
- ↑ Erik Brynjolfsson, Harvard Business Review (2019), November 15, 2019, "The Productivity Paradox of the Digital Economy"