Electricity is an example of a general purpose technology, like the steam engine before it. General purpose technologies drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, factory redesign.

Erik Brynjolfsson
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More Quotes By Erik Brynjolfsson
  1. Computers get better faster than anything else ever.

  2. The heart of science is measurement.

  3. Electricity is an example of a general purpose technology, like the steam engine before it. General purpose technologies drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, factory redesign.

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