The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies Hardcover – 18 Feb 2014
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Shorlisted for the Financial Times Book of the Year 2014
Although a few others have tried, The Second Machine Age truly helped me see the world of tomorrow through exponential rather than arithmetic lenses. 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! --Clayton M. Christensen, Kim B. Clark Professor of Business Administration, Harvard Business School, and author of The Innovator s Dilemma
About the Author
Erik Brynjolfsson is the director of the MIT Center for Digital Business and one of the most cited scholars in information systems and economics. Andrew McAfee is a principal research scientist at the MIT Center for Digital Business and the author of Enterprise 2.0.
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Top Customer Reviews
The focus of the book concerns our impressive technological progress and explains why the scale and pace of digital technologies is bound to accelerate in the future. The centrality of the book relates to the two economic consequences of this progress namely bounty and spread. Bounty is the increase in volume, variety, and quality and the decrease in cost of the many offerings brought by modern digital technologies. Spread, the negative and troubling aspect of this progress is increasing wealth inequality, progressive unemployment, and reduction in social mobility. Spread has been demonstrated to increase in recent years. It is destined to accelerate in the second machine age unless we intervene. The book stresses that the economic goals should be to maximize the bounty while mitigating the negative effects of the spread. The choices we make will determine the world we are going to live in.
In order to understand why digital technologies are presently unfolding we have to obtain an insight into the nature of technological progress in the era of digital hardware, software, and networks. Its three key characteristics are exponential, digital, and combinatorial.
Exponential growth eventually leads to staggeringly big numbers which defy our intuition and imagination. The critical building blocks of computing - microchip density, processing speed, storage capacity, energy efficiency, download speed etc. have been improving at exponential rates for a long time and they presently are at an inflection point.Read more ›
The main argument: In the first machine age--otherwise known as the Industrial Revolution--we humans managed to build technologies that allowed us to overcome the limitations of muscle power like never before. The result, which has reverberated these past 200 years, has been an increase in economic productivity unprecedented in human history. And the corollary of this increase in productive power has been an increase in material standard of living and social development equally as unprecedented.
In the past 30 years, with the rise of computers and other digital technologies, we have moved from overcoming our physical limitations, to overcoming our mental ones. This is the second machine age. Though we are still at the dawn of the second machine age, it already shows at least as much promise in boosting productivity (and quality of life) as the first. Indeed, by various measures--including the standard ones of GDP and corporate profits--we can see that the past 30 years has witnessed an impressive steepening in productivity.
And this is just the beginning. For digital technology continues to advance at an exponential pace; more digital information is being produced (and kept) all the time (all of which has enormous economic potential); and new ways of combining existing (and new) ideas into newer and better ones are ever being found.
Still, what is equally apparent is that the benefits of this steepening in productivity have gone to the few, rather than the many.Read more ›
I was hoping for a book that explains more precisely how artificial intelligence, automations and robots will replace people in most jobs, and an in-depth analysis of what jobs will disappear soon and which ones will remain safe for the foreseeable future. I was looking forward to read about how the peer economy, 3-D printers and personal domestic robots will completely change the way we produce and consume. Unfortunately the book does not address any of these. The authors just explain, repetitively and in plain language, that machines will make consumer products cheaper while taking away people's jobs. But who doesn't already know that when it's been discussed countless times in the news?Read more ›
Most Recent Customer Reviews
Balanced between benefits and costs of tech but optimistic about the future - as long as we seize the opportunity!Published 15 days ago by Paul
Interesting and thought provoking. A pretty easy read for all those interested in technology and it's impact on us and the way we live.Published 2 months ago by Mr C St
The author's views and thinking are well described with useful references. The book promotes one clear view of the subject but identifies alternative views. Read morePublished 2 months ago by Andrew
I bought this along with 'The Future of the Professions' in order to help understand how technological disruption would affect white collar employment and from there the demand for... Read morePublished 3 months ago by Oldsmoker
A lot of people picked this as a top book for 2014, but it wasn't as overwhelmingly clever as I was expecting, and didn't rock my world view. Read morePublished 7 months ago by Jennifer
Fascinating book. Both uplifting and worrying. Takes the reader on a roller coaster ride - upbeat in terms of explaining how advances in computing are leading to machines doing... Read morePublished 9 months ago by PeterF
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