The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies

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In recent years, Google s autonomous cars have logged thousands of miles on American highways and IBM s Watson trounced the best human Jeopardy players Digital technologies with hardware, software, and networks at their core will in the near future diagnose diseases accurately than doctors can, apply enormous data sets to transform retailing, and accomplish many tasks once considered uniquely human.In The Second Machine Age MIT s Erik Brynjolfsson and Andrew McAfee two thinkers at the forefront of their field reveal the forces driving the reinvention of our lives and our economy As the full impact of digital technologies is felt, we will realize immense bounty in the form of dazzling personal technology, advanced infrastructure, and near boundless access to the cultural items that enrich our lives.Amid this bounty will also be wrenching change Professions of all kinds from lawyers to truck drivers will be forever upended Companies will be forced to transform or die Recent economic indicators reflect this shift fewer people are working, and wages are falling even as productivity and profits soar.Drawing on years of research and up to the minute trends, Brynjolfsson and McAfee identify the best strategies for survival and offer a new path to prosperity These include revamping education so that it prepares people for the next economy instead of the last one, designing new collaborations that pair brute processing power with human ingenuity, and embracing policies that make sense in a radically transformed landscape.A fundamentally optimistic book, The Second Machine Age alters how we think about issues of technological, societal, and economic progress. Free Download [ The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies ] author [ Erik Brynjolfsson ] – kino-fada.fr The first part of this book reviews the incredible boom in technologies that are driving much of our economy After that, the remainder of the book is about bounty and spread Bounty is the increased level of prosperity that some but not all of the population enjoys, as productivity increases Spread is the growth of inequality, as much of the increased prosperity goes to the top economic levels, and little gets distributed to the lower economic levels Thus, there ia a growing spread of The first part of this book reviews the incredible boom in technologies that are driving much of our economy After that, the remainder of the book is about bounty and spread Bounty is the increased level of prosperity that some but not all of the population enjoys, as productivity increases Spread is the growth of inequality, as much of the increased prosperity goes to the top economic levels, and little gets distributed to the lower economic levels Thus, there ia a growing spread of income levels, what we normally would call inequality.The authors sh...I m going to do adetailed review of another book by these two authors called Race Against the Machine , which, if you were interested in a quick version of this book, that is the book to read And this review isn t really going to cover all of the themes in this book either as I m going to try to do that in the other review What I want to talk about here are some of the ideas the authors have on GDP and how this is being impacted by technology.GDP has long been a problematic concept I m going to do adetailed review of another book by these two authors called Race Against the Machine , which, if you were interested in a quick version of this book, that is the book to read And this review isn t really going to cover all of the themes in this book either as I m going to try to do that in the other review What I want to talk about here are some of the ideas the authors have on GDP and how this is being impacted by technology.G...This book s mission is fairly straightforward It seeks to convince the reader, by analyzing various economic data, that today s technology is something that is farmarvelous than most of us realize The argument is that we re in the middle of a second era of unprecedented innovation, much like the first machine age, when population exploded, as did quality of life, earnings, and a number of other life metrics Though its mission is vast, the actual pieces of the book are digestible The This book s mission is fairly straightforward It seeks to convince the reader, by analyzing various economic data, that today s technology is something that is farmarvelous than most of us realize The argument is that we re in the middle of a second era of unprecedented innovation, much like the first machine age, when population exploded, as did quality of life, earnings, and a number of other life metrics Though its mission is vast, the actual pieces of the book are digestible The opening chapter is about how close we are to a driverless car something that even a few years ago seemed impossible There s a chapter on measuring the cost of the digital economy, most ...The first half even beyond didn t hold much new to me, but it was nicely put together leads into their premise that times are changingrapidly than any other time in history As the book progressed, the authors delvedinto economics what the machine age means for people in general I don t know much about economics, so I found their views really interesting, especially since they often balanced opposing viewpoints before saying which side they preferred Sometimes The first half even beyond didn t hold much new to me, but it was nicely put together leads into their premise that times are changingrapidly than any other time in history As the book progressed, the authors delvedinto economics what the machine age means for people in general I don t know much about economics, so I found their views really interesting, especially since they often balanced opposing viewpoints before saying which side they preferred Sometimes neither, but a mix They pulled in some pretty surprising statistics especially about the widening divide between capital labor, the 1% the rest of us bounty spread I was s...Solid and entertaining overview of high tech robotics, bit of ai and very interesting examples Not spectacularly innovative maybe, but I founf myself using many examples in conversations with friends.I wrote an essay published in Public Books reviewing The Second Machine Age for those interested in aextensive analysis the robots take our jobs, what color is your parachute In their book The Second Machine Age, MIT researchers Brynjolfsson and McAfee point to machines that are getting better at pattern recognition and real time pro...Well researched and very interesting it s a nice counterpoint to Robert Gordon and other techno pessimists The most striking insight was their defense of Moore s law and their case for measuring growth by hours saved Theresearchers proposing alternatives to GDP, the better However, I don t think I agree with their optimism in the end of the ...With the proper amounts of bombast and self promotion, prophecy can be an extremely lucrative field A lot of books about the future of American economic growth fall into either Stagnation or Singularity camps, trying to show that America s future potential is dismal due to the misguided economic philosophies of the ideological villains of your choice see the New York Times or the Wall Street Journal s op ed pages or simple exhaustion of easy ways to generate sustained growth see Robert With the proper amounts of bombast and self promotion, prophecy can be an extremely lucrative field A lot of books about the future of American economic growth fall into either Stagnation or Singularity camps, trying to show that America s future potential is dismal due to the misguided economic philosophies of the ideological villains of your choice see the New York Times or the Wall Street Journal s op ed pages or simple exhaustion of easy ways to generate sustained growth see Robert Gordon or Tyler Cowen , or is actually spectacular due to the magical properties of game changing innovation X, Y, or Z see Ray Kurzweil In contrast, Brynjolf...This book was came up during a discussion of Capital In The 21st Century, and I definitely see the broad similarities, especially in 1 its attempts to show how the 1% is pulling away from the 99% and.1% pulling away from the rest of the 1% and 2 its recommendation of using socialism as lube so that the whole capitalist machine doesn t overheat and explode.But where Dr Piketty dismisses technology as a major driving force, Drs Brynjolfsson and McAfee are all about the technology They This book was came up during a discussion of Capital In The 21st Century, and I definite...Great insights, butThis starts with a bang, esp on network effects and geometric growth effects Humming along, until the book tried to recommend govt policy Then and only then, the rate of insights dwindled.

The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
  • 08 July 2017
  • Paperback
  • 336 pages
  • 0393350649
  • Erik Brynjolfsson
  • The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies