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So where is all the growth?

Technology in our time is moving at a pace so fast it seems that only children have the time to stay current. This dizzying pace of progress is bringing wonder after wonder, so why is economic growth so sluggish? Economic

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Posted in Economics, The Second Machine Age

Meet your automated replacement

It would wise to revisit our assumptions about what computers can and cannot do. Many of us were surprised at the development of computers that could defeat a human at Chess or on the game-show Jeopardy! While those achievements were

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Posted in Economics, The Second Machine Age, Uncategorized, Welfare State

A closer look at The Second Machine Age

Reading the new book from Erik Brynjolfsson and Andrew McAfee was like a breath of fresh air. The Second Machine Age: Work, Progress and Prosperity in a Time of Brilliant Technologies, elegantly summarizes the radical economic changes I’ve been trying

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Posted in Economics, The Second Machine Age

Robots will create your next job

Since the day someone invented a mechanical loom 400 years ago, pessimists have been claiming that technology will destroy jobs. The reality is far more complex. Technology destroys jobs while creating others that no one anticipated or imagined. In our

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Posted in Economics, Welfare State
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