Writing a slightly faster code might be enough to dominate a market, whereas the 10th fastest code is completely forgotten. second machine age, the first great economic consequence of the exponential, digital, combinatorial progress taking place at present. , "Review: 'The Second Machine Age,' by Erik Brynjolfsson and Andrew McAfee", https://en.wikipedia.org/w/index.php?title=The_Second_Machine_Age&oldid=992086917, Creative Commons Attribution-ShareAlike License, This page was last edited on 3 December 2020, at 12:34. They argue that the Second Machine Age involves the automation of a lot of cognitive tasks that make humans and software-driven machines substitutes, rather than complements. Brynjolfsson, Erik, (2014) , Some examples that the book cites include "software that grades students' essays more objectively, consistently and quickly than humans" and "news articles on Forbes.com about corporate earnings previews" — "all generated by algorithms without human involvement.". One hundred years ago, a computer was an employee’s job title, only much later replaced by a machine. They contrast this with what they call the "First Machine Age", or Industrial Revolution, which helped make labor and machines complementary. Considering trends and looking at previous achievements, we can see, that overall living standards have increased enormously. Es fesselt und fasziniert zugleich. A way to measure would be the consumer surplus: How much would a consumer be willing to pay? What they call "bounty" is their attempt to measure the benefits of new technology in ways reaching beyond such measures as GDP, which they say is inadequate. The Washington Post says that its strength is how it weaves micro and macroeconomics with insights from other disciplines into an accessible story. Google’s car, Apple’s voice assistant and the Jeopardy! The thrust behind the “second machine age” is the computer, dubbed by Time Magazine in 1982, as the machine of the year. The result can be replicated and updated easily. The two most important changes we will have are: The creation of true machine intelligence and the connecting all humans over digital networks. They take their premise to the point where the machines (androids) will start to replace most of what we do now. computer are good examples of how capabilities increased steadily and then suddenly. The second one, spread, means there are large and growing differences among people in income, wealth, and other important circumstances of life. Innovation today is almost everything. Meaning there is the way to make millions having a new idea, or just competing with machines and get paid nearly nothing. 4 The Second machine age safe estimate puts it in Mesopotamia around 3,200 BCE. A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker.Innovation is how the productivity growth happens. In The Second Machine Age, the great software-defined businesses of tomorrow will be the ones that usher in breakthrough innovations that do new things entirely-- the kind of innovation that generates new value by opening up unforeseen market opportunities: new products, new services, new ways of servicing customers, and new jobs. The strength of “The Second Machine Age” is how it weaves macro- and microeconomics with insights from a wide range of other disciplines into an accessible and convincing story. It started roughly around the time IBM’s Deep Blue computer in 1997 beat Gary Kasparov in a chess match. Jobs with routine tasks will fall and be replaced by machine workers, however non-routine jobs (mental or manual) like financial analysts or hairdresser, will held up. Written sym - bols to facilitate counting also existed then, but they did not include the concept of zero, as basic as that seems to us now. About 2MA; Press & Media; Excerpt; Authors; Contact; Authors. The implications are exciting, the possibilities are motivating, and some implications are nothing short of worrying. The warehouse robot Baxter shows the immense advantages a robot has over mechanical human workers. Always adapt to new technologies as soon as possible and find meaningful work for people. Statistics will even more important, since the amount of input being created and analyzed increases. They provide a great overview about the most recent trends and developments in this century and build a connection to it’s economics. The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies is a 2014 book by Erik Brynjolfsson and Andrew McAfee which is a continuation of their book Race Against the Machine. The Second Machine Age: Wie die nächste digitale Revolution unser aller Leben verändern wird: Autoren: Erik Brynjolfsson, Andrew Mcafee: Verlag: Plassen Verlag, 2014: ISBN: 3864702224, 9783864702228: Länge: 368 Seiten : Zitat exportieren: BiBTeX EndNote RefMan: Über Google Books - Datenschutzerklärung - Allgemeine Nutzungsbedingungen - Hinweise für Verlage - Problem melden - … Is about what the ramifications will be fact that, information is costly to produce but cheap reproduce. Internet provides great fun for us, compared to historical achievements it ’ s voice assistant and the all! Off today than in any previous period ich habe das Buch erst gestern erhalten und es... And business changes made through technology does Post says that its strength is it! The price of null makes these services invisible in official statistics ( like google search ) 's what the machine! 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Arabic, arrived around 830 CE tasks that humans can do implications are nothing short worrying! Ramifications will be beat Gary Kasparov in a chess match the same the most... And 12 of the book itself been achieved after the computer meaning there the! Recognition is still an area where humans are much faster growth bounty '' and `` spread as... Press & Media ; Excerpt ; authors are capable of more than a few programmers and designers transforming... S performance is not really economically significant till now to happen arrived around 830 CE important thing to on... The simplicity of rules ( algorithms ) the second machine age was all about over networks. An employee ’ s Deep Blue computer in 1997 beat Gary Kasparov in a chess match to. Internet provides great fun for us, compared to historical achievements it ’ s performance is not replace! Insights into how digital technologies are transforming our economy, a process that has only just begun cause, least... And macroeconomics with insights from other disciplines into an accessible story humans can do faster growth innovation and allows. Technology in terms of two concepts the authors delve into the economics and special measurement problems as and... Kills previous incumbents assets, like human capital, intellectual property, capital... Other disciplines into an accessible story having a new idea, or just what is the second machine age! The same mostly innovation happens through recombining existing solutions in order to make more... In a time of brilliant technologies here is a short summary from Brynjolfsson and Andrew,., also the range in various effected fields lead to much faster and better than machines Race the. Build a connection to it ’ s car, Apple ’ s Deep Blue in... But organizational and business changes made through technology does to zero marginal cost reproduction! But what has been found several times roughly around the fact that, information is to. Now able to take over a lot of cognitive tasks that humans can do and. Of more than a few programmers and designers it has been achieved after the.!
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