The digital revolution - I: Rise of platforms

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With the digital revolution, based on the computer and the internet, affecting the economy, politics, and society, I have been trying to understand it through the outpourings of books — both hyping and critical of this digital future. One of the best, and also economically literate, is Machine, Platform, Crowd: Harnessing Our Digital Future by the MIT Sloan School of Management professors Andrew McAfee and Erik Brynjolfsson. Their tripartite division of the title is a useful one. The first “machine” refers to the growing power of machines incorporating artificial ...

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