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The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies book cover
Book

The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies

Published2014
PublisherWW Norton
About the book

Work, Progress, and Prosperity in a Time of Brilliant Technologies

In recent years, Google’s autonomous cars have logged thousands of miles on American highways and IBM’s Watson trounced the best human Jeopardy! players. Digital technologies―with hardware, software, and networks at their core―will in the near future diagnose diseases more accurately than doctors can, apply enormous data sets to transform retailing, and accomplish many tasks once considered uniquely human.

In The Second Machine Age MIT’s Erik Brynjolfsson and Andrew McAfee―two thinkers at the forefront of their field―reveal the forces driving the reinvention of our lives and our economy. As the full impact of digital technologies is felt, we will realize immense bounty in the form of dazzling personal technology, advanced infrastructure, and near-boundless access to the cultural items that enrich our lives.

Amid this bounty will also be wrenching change. Professions of all kinds―from lawyers to truck drivers―will be forever upended. Companies will be forced to transform or die. Recent economic indicators reflect this shift: fewer people are working, and wages are falling even as productivity and profits soar.

Drawing on years of research and up-to-the-minute trends, Brynjolfsson and McAfee identify the best strategies for survival and offer a new path to prosperity. These include revamping education so that it prepares people for the next economy instead of the last one, designing new collaborations that pair brute processing power with human ingenuity, and embracing policies that make sense in a radically transformed landscape.

A fundamentally optimistic book, The Second Machine Age will alter how we think about issues of technological, societal, and economic progress.

Erik Brynjolfsson speaking
Meet Erik

About Erik Brynjolfsson

Erik Brynjolfsson (pronounced brin-YOLF-son) is the most widely cited scholar on the economics of AI and digital technologies. At Stanford, he studies how information technology affects business strategy, productivity, digital commerce and intangible assets. He and longtime collaborator Andrew McAfee are the only people named to both the Thinkers50 list of the world's top management thinkers and the Politico 50, and they co-founded Workhelix, Inc. Thinkers50 has ranked Brynjolfsson among the world's top management thinkers six times, from 2015 to 2025, and presented him and McAfee with its 2015 Digital Thinking Award; it has also shortlisted him for its Strategy Award (2013), Digital Thinking Award (2017) and Future Readiness Award (2025).

An optimistic economist, Brynjolfsson predicts a productivity boom in the coming decade driven by new technologies and business transformation. He estimates that 50% to 60% of the workforce will be affected by AI, and his team has examined some 18,000 tasks to map how generative AI, robotics and remote work will reshape specific jobs and industries. His counsel to leaders is direct: "Implementing new technology will be much more about restructuring and reorganizing work, not mass replacement or unemployment."

Meet Andrew

About Andrew McAfee

For more than a quarter century, Andrew McAfee has studied how digital technologies change economies, business models, work and the environment. He and his longtime co-author Erik Brynjolfsson are the only people named to both the Thinkers50 list of the world's top management thinkers and the Politico 50. Thinkers50 has ranked McAfee among the world's top management thinkers six times, from 2015 to 2025, presented him and Brynjolfsson with its 2015 Digital Thinking Award and shortlisted them for its Digital Thinking Award (2017) and Future Readiness Award (2025).

One number frames his current argument: in the 21st century so far, more than 60 percent of America's total stock market gains have come from companies founded since 1975 within 15 miles of Palo Alto. In The Geek Way, McAfee contends that the most profound innovation to come out of that cluster is not hardware or software but a new and improved way to run a company, in any industry, built on four norms: science, ownership, speed and openness. "Competitive battles between geek and non-geek companies really aren't fair fights," he says.

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