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Second Machine Age

"Work, Progress, and Prosperity in a Time of Brilliant Technologies"

by E. Brynjolfsson, A. McAfee

If you like the notes, go ahead and buy the book!

  • 1st machine age
    • James Watt’s invention (or, more accurately, the refinement) of the steam engine
  • Humanity has reached a inflection point for the computer age
  • Technology
    • Moore's Law & 2nd part of chessboard
    • Examples: Self driving cars, IBM Watson, Waze app, ..
  • Innovation: Declining or Recombining?
  • Economy
    • GDP, Bounty & spread
    • The Biggest Winners: Stars and Superstars
    • Universal Basic Income
    • Negative Income Tax
    • Peer economy
  • Policy recommendations
    • 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
    • embracing policies that make sense in a radically transformed landscape