Thursday, May 24, 2012

Think of Start-ups as Shots on Goal - Harvard Business Review

Think of Start-ups as Shots on Goal - Harvard Business Review: "With concern running high about the prospects for continued economic growth, two recent e-books show where the debate is centered now: on the question of whether we can, through sheer inventiveness, keep driving the productivity gains that lead to higher incomes.

George Mason’s Tyler Cowen is pessimistic, seeing a “great stagnation” setting in. A counterargument comes from MIT’s Erik Brynjolfsson and Andrew McAfee, who find in the rapidly advancing technology of robotics and other productivity enhancers every reason to be optimistic. These opposing conclusions suggest once again why economists as a group are not all that good at predicting the future."

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