ERIK BRYNJOLFSSON AND ANDREW MCAFEE RACE AGAINST THE MACHINE PDF

Brynjolfsson and McAfee combine their knowledge of rapidly evolving digital technologies and relevant economics to give us a colorful and accessible picture of dynamic forces that are shaping our lives, our work, and our economies. Will our new technologies lift us all up or leave more and more of us behind? The Second Machine Age is the essential guide to how and why that success will, or will not, be achieved. A brilliant look at the future that technology is bringing to our economic and social life. Read The Second Machine Age if you want to prepare yourself and your children for the world of work ahead.

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Brynjolfsson and McAfee combine their knowledge of rapidly evolving digital technologies and relevant economics to give us a colorful and accessible picture of dynamic forces that are shaping our lives, our work, and our economies. Will our new technologies lift us all up or leave more and more of us behind? The Second Machine Age is the essential guide to how and why that success will, or will not, be achieved. A brilliant look at the future that technology is bringing to our economic and social life.

Read The Second Machine Age if you want to prepare yourself and your children for the world of work ahead. Macro and microscopic frontiers now seem plausible, meaning that learners and teachers alike are in a perpetual mode of catching up with what is possible. It frames a future that is genuinely exciting!

Christensen, Kim B. The Second Machine Age is the book for anyone who wants to thrive in it. Long after the financial crisis and great recession have receded, the issues raised in this important book will be central to our lives and our politics.

Summers, Charles W. Along the way, they describe how these technological wonders came to be, why they are important, and where they are headed. But they argue that creating the bounty depends on finding ways to race with the machine that rather than racing against the machine.

That means people like me need to build machines that are easy to master and use. Ultimately, those who embrace the new technologies will be the ones who benefit most. Brynjolfsson and McAfee have written an important book on the technology-driven opportunities and challenges we all face in the next decade.

Anyone that wants to understand how amazing new technologies are transforming our economy should start here. In the near future, the best job to have will be the one you would do for free.

This provocative book is both grounded and visionary, with highly approachable economic analyses that add depth to their vision. A must read. And they provide sound policy prescriptions. Their book could also have been titled Exponential Economics —it is a must read.

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The second machine age by Erik Brynjolfsson and Andrew McAfee

They argue that the Second Machine Age involves the automation of a lot of cognitive tasks that make humans and software-driven machines substitutes, rather than complements. They contrast this with what they call the "First Machine Age", or Industrial Revolution , which helped make labor and machines complementary. The book is divided into three sections: Chapters 1 through 6 describe "the fundamental characteristics of the second machine age," based on many examples of modern use of technology. Chapters 7 through 11 describe economic impacts of technology in terms of two concepts the authors call "bounty" and "spread. They use "spread" as a shorthand way to describe the increasing inequality that is also resulting from widespread new technology. Finally, in chapters 12 through 15, the authors prescribe some policy interventions that could enhance the benefits and reduce the harm of new technologies.

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The second machine age by Erik Brynjolfsson and Andrew McAfee Dec 12, economics technology AI This is an illuminating book about the benefits and challenges of the digital technologies. The computer technologies nowadays are doing the same thing for mental power. The skills of the new machines Computers are good at following rules, but lousy at pattern recognition. The three key characteristics of technological progress in the era of digital hardware, software, and networks are: exponential, digital, and combinatorial. Information is costly to produce but cheap to reproduce.

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Contents[ edit ] The main thesis of this book is that we are in the midst of a technological revolution that is radically redefining what work is, how value is created, and how the economy distributes that value. The authors stumbled upon these ideas after analyzing the unique economic recovery that followed the Great Recession of When the recession ended, many measures of economic health such as GDP, corporate profits, and investment in equipment and software rebounded quickly; however, one measure, unemployment, lagged behind. This observation led the authors to conclude that a drastic shift in the means of production was taking place. The authors believe that technology is causing this shift, simultaneously boosting the productivity of firms while also eliminating the need for many forms of human labor.

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