Showing posts with label Erik Brynjolfsson. Show all posts
Showing posts with label Erik Brynjolfsson. Show all posts

Sunday, December 04, 2011

The reader over your shoulder

Whither the U.S.? Whither the human race?  I've read some pretty good books recently that grapple with the big questions, and I've enjoyed engaging with them here, whether in the form of reviews, free association, nitpicks, whatever.  Below, various responses to some good reads.

Steven Pinker's The Better Angels of Our Nature
Religion helped develop our better angels 
Better Angels in the news 
The bettering angels of our nature

Erik Brynjolfsson and Andrew McAfee's Race Against the Machine 
We may be half-drowning, but we're not stagnating
see also:  A Kling-free future prosperity?

Tyler Cowen's The Great Stagnation
Slo-mo grow on the plateau: Tyler Cowen's theory of American Malaise

Monday, November 07, 2011

A Kling-free future prosperity?

I sure hope Arnold Kling is wrong about the future of employment and wealth distribution in the U.S. --  and I suspect that he does too, as he seems gloomy about his own prognosis. Overviewing a long-range and recently accelerated squeeze on mid-level jobs,, he envisions an American society rather like that portrayed in Kurt Vonnegut's first novel, Player Piano (1952), in which a small uber-class of engineers rules a society in which the masses are consigned to "reeks and recs," a kind of permanent WPA for the superannuated.

Kling suggests that increases in productivity may no longer generate new kinds of jobs in sufficient numbers:

Wednesday, November 02, 2011

We may be half-drowning, but we're not stagnating

Some months ago, in an encounter with Tyler Cowen's ebook The Great Stagnation, I questioned Cowen's premise that technological transformation of human life has slowed down in recent decades, that is
whether we're living in an era in which transformative technological innovation is in short supply. Cowen does allow "the Internet" as the great exception, but points out that the leading-edge tech companies employ relatively few people, and that Internet innovation has been notoriously difficult to monetize. He is strangely silent, though, about the impact of interactive technology and computer technology more generally on production and commerce of all kinds -- just-in-time factory production, product customization, bar coding, all the incredible efficiencies of large-scale retail operations that wring out large profits on tiny margins -- and on interactive technology's role in globalizing production. He also doesn't consider transformative technologies hiding in plain sight: personal computers themselves (never mind the Internet) and cell phones. It's true, as Cowen says, that the basic physical components of middle class life in America don't look that much different than they did in the 1960s. But they are much different. And the differences have generated a lot of wealth, even if  the U.S. middle class hasn't garnered as large a share as it did in he previous generation.
That demurral is advanced at book length by MIT scholars Erik Brynjolfsson and Andrew McAfee in Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy. Brynjolfsson and McAfee argue that computer and network technology is indeed, like the steam engine and electricity before them, a "general purpose technology" (GPT), that is, one that accelerates economic progress in a world-transforming way.  IT's transformative power is an inevitable effect of Moore's Law: we have lived through a time of sustained exponential growth in processing power, which has brought us to the brink of self-driving cars, chap robots that function more or less as mini-factories, and viable automated translation and communication. While the landscape may not yet have been as visibly transformed as it was by prior GPTs, as Cowen argues, business processes have. Regarding  the Web and enterprise resource planning and CRM software, for example: