Eric Brynjolfsson, Director of the Stanford Digital Economy Lab, discusses the macroeconomic disruption caused by general-purpose technologies.
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“And as it ripples through the economy, every industry is going to be transformed. And just as with electricity, some of the great titans went out of business and new companies arose, the same thing is happening today where some of the big successful companies won't be able to compete and new companies will take their place.”
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