Simon Johnson
Born
in The United Kingdom
January 01, 1954
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“in modern societies it is the power to persuade—even more so than economic, political, and coercion powers—that is critical”
― Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity
― Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity
“in the modern world the power to persuade is the most important source of social power. But with such persuasiveness, you tend to convince yourself that you are correct, and you become less sensitive to others’ wishes, interests, and plights.”
― Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity
― Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity
“More fundamentally, productivity gains from automation may always be somewhat limited, especially compared to the introduction of new products and tasks that transform the production process, such as those in the early Ford factories. Automation is about substituting cheaper machines or algorithms for human labor, and reducing production costs by 10 or even 20 percent in a few tasks will have relatively small consequences for TFP or the efficiency of the production process. In contrast, introducing new technologies, such as electrification, novel designs, or new production tasks, has been at the root of transformative TFP gains throughout much of the twentieth century.”
― Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity
― Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity
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| The History Book ...: * COFFEE CHAT ROOM FOR OFF TOPIC CONVERSATION - # 6 | 758 | 1110 | Oct 02, 2024 12:14PM |
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