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by Erik Brynjolfsson · 23 Jan 2012 · 72pp · 21,361 words
. So as we observe the opening up of the digital frontier, we are hugely optimistic. History has witnessed three industrial revolutions, each associated with a general purpose technology. The first, powered by steam, changed the world so much that according to historian Ian Morris, it “made mockery of all that had gone before
Radical Abundance: How a Revolution in Nanotechnology Will Change Civilization
by K. Eric Drexler · 6 May 2013 · 445pp · 105,255 words
revolution in information technologies offers analogies. Both the Information Revolution and the APM Revolution bring in their wake unprecedented ranges of capabilities based on a general-purpose technology, and each in its sphere brings a kind of radical abundance. We’ve seen the emergence of a gift economy in digital products such as
Code Dependent: Living in the Shadow of AI
by Madhumita Murgia · 20 Mar 2024 · 336pp · 91,806 words
in the US, briefs the eighty-five-year-old Pope and his senior counsellors on the potential applications of AI, which he describes as a general-purpose technology ‘like steel or electrical power’, and how it will change the way in which we all live. He also plays the role of matchmaker between
The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism
by Arun Sundararajan · 12 May 2016 · 375pp · 88,306 words
about the anticipated business and societal implications of information technologies.5 At their core, we argued, what distinguished digital technologies from the other past revolutionary general-purpose technologies were three invariant factors that, over four decades, had defined the evolution of the technology and explained a wide variety of its consequences; these forces
Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World
by Don Tapscott and Alex Tapscott · 9 May 2016 · 515pp · 126,820 words
technology. The blockchain was front and center at Davos in January 2016. Jesse McWaters, financial innovation lead at the WEF, believes blockchain technology is a general-purpose technology, like the Internet, which we can use to make markets radically more efficient and improve access to financial services. The WEF predicted that within a
Stakeholder Capitalism: A Global Economy That Works for Progress, People and Planet
by Klaus Schwab · 7 Jan 2021 · 460pp · 107,454 words
technologies of the Fourth Industrial Revolution once again have the possibility to greatly enhance global wealth. That is because they are likely to turn into general-purpose technologies (GPTs) such as electricity and the internal combustion engine before them. The most powerful of these GPTs is likely to be artificial intelligence, or AI
The Economics of Enough: How to Run the Economy as if the Future Matters
by Diane Coyle · 21 Feb 2011 · 523pp · 111,615 words
invest in steam power until the older technologies ceased to be profitable, and often it was new businesses that adopted new technologies. Like any new “general purpose technology,” or in other words a technology with a wide range of applications, ICTs are reshaping the economy. Elsewhere, I’ve described this phenomenon as “weightlessness
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changed. The new information and communications technologies have had a more profound effect on market economies, however. They form what economists refer to as a “general purpose technology” because they affect the organization of the economy in a wide-ranging way, like steam or electricity or rail in the past.20 One widespread
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.” London: BBC Trust. Crafts, Nicholas. 1999. “Economic Growth in the Twentieth Century.” Oxford Review of Economic Policy 15, pp. 18–34. ———. 2004. “Steam as a General Purpose Technology.” Economic Journal 114:495 (April), pp. 338–51. ———. 2010. “The Contribution of New Technology to Economic Growth: Lessons from Economic History.” Revista de Historia Económica
The Rise and Fall of American Growth: The U.S. Standard of Living Since the Civil War (The Princeton Economic History of the Western World)
by Robert J. Gordon · 12 Jan 2016 · 1,104pp · 302,176 words
most important inventions of the late nineteenth century were electric light and power and the internal combustion engine, and these are often described as a “General Purpose Technology” (GPT) that can lead to the creation of many subinventions.37 Subinventions made possible by electricity as a GPT are such fundamental drivers of productivity
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. Gordon (1974). 36. The classic statement of this explanation of reduced inequality during 1940–70 is presented by Goldin and Margo (1992). 37. The phrase “general-purpose technology” was introduced in Bresnahan and Trajtenberg (1995), and the role of subsidiary and complementary inventions is further examined in the introductory chapter of Bresnahan and
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streetcars, 146–47; used in department stores, 89; used in manufacturing, 269–70, 557, 560; wiring of housing for, 5 electric lights, 117–19; as General Purpose Technology, 555–56; for railroads, 142; safety of, 237 electric typewriters, 452, 579–80 electrocardiogram, 226 electronics: home and consumer, 583–84; medical, 478–81; See
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differences in (1870), 56; See also men; women General Electric (GE), 120–21, 194 General Motors (GM), 155, 375 General Motors Acceptance Corporation (GMAC), 297 General Purpose Technology (GPT), 555, 557 General Slocum (ship) disaster, 239 general stores. See country stores genomic medicine, 478 Germany: autobahns of, 389, 390; automobile invented in, 131
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–36, 487–95; life insurance, 303–7, 317; workers’ compensation, 230, 272–73 Intel (firm), 445, 453 internal combustion engines, 131, 149–50, 374; as General Purpose Technology, 555–56; See also automobiles Internet, 442–43, 453–57, 459–60, 578; digital music on, 436; early history of, 643; e-commerce using, 457
Content: Selected Essays on Technology, Creativity, Copyright, and the Future of the Future
by Cory Doctorow · 15 Sep 2008 · 189pp · 57,632 words
due process have sailed out the window without so much as a by-your-leave. Even P2P's worst enemies admit that this is a general-purpose technology with good and bad uses, but when new tech comes along it often engenders a response that countenances punishing an infinite number of innocent people
New Laws of Robotics: Defending Human Expertise in the Age of AI
by Frank Pasquale · 14 May 2020 · 1,172pp · 114,305 words
their own accord, without direction or control by their developers (or any other person). How, the challenge goes, can the creators or owners of such general-purpose technology anticipate all the potential legal problems that their AI might generate or encounter? No one wants to hold Microsoft responsible for ransom notes written as
AI 2041: Ten Visions for Our Future
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The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
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AI Superpowers: China, Silicon Valley, and the New World Order
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The Green New Deal: Why the Fossil Fuel Civilization Will Collapse by 2028, and the Bold Economic Plan to Save Life on Earth
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