Phrase by 'Erik Brynjolfsson'
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The heart of science is measurement.
Author: Erik Brynjolfsson - American EducatorHeart , Science , Measurement
Some people think it's a law that when productivity goes up, everybody benefits. There is no economic law that says technological progress has to benefit everybody or even most people. It's possible that productivity can go up and the economic pie gets bigger, but the majority of people don't share in that gain.
Author: Erik Brynjolfsson - American EducatorPeople , Think , Law , Progress
Computers get better faster than anything else ever.
Author: Erik Brynjolfsson - American EducatorBetter , Get , Anything , Computers
Retailing has gone from an information-scarce to an information-rich environment.
Author: Erik Brynjolfsson - American EducatorEnvironment , Gone , Retailing
Electricity is an example of a general purpose technology, like the steam engine before it. General purpose technologies drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, factory redesign.
Author: Erik Brynjolfsson - American EducatorPurpose , Drive , Technology , Growth
When goods are digital, they can be replicated with perfect quality at nearly zero cost, and they can be delivered almost instantaneously. Welcome to the economics of abundance.
Author: Erik Brynjolfsson - American EducatorWelcome , Perfect , Quality , Economics
There are lots of examples of routine, middle-skilled jobs that involve relatively structured tasks, and those are the jobs that are being eliminated the fastest. Those kinds of jobs are easier for our friends in the artificial intelligence community to design robots to handle them. They could be software robots; they could be physical robots.
Author: Erik Brynjolfsson - American EducatorFriends , Community , Intelligence , Design
Technology has always been destroying jobs, and it has always been creating jobs.
Author: Erik Brynjolfsson - American EducatorAlways , Been , Technology , Creating
Technology has made it easier for different firms to coordinate their activities with one another, and they don't have to be part of one company. They can get the benefits of scale without the inertia of scale.
Author: Erik Brynjolfsson - American EducatorGet , Without , Technology , Company
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