Sublime

Most Web activities do not generate jobs and revenue at the rate of past technological breakthroughs.

Paul Romer, an economist at New York University who specializes in the theory of economic growth, says real sustainable economic growth does not stem from new resources but from existing resources that are rearranged to make them more valuable. Growth comes from remixing. Brian Arthur, an economist at the Santa Fe Institute who specializes in the d

We are moving beyond automating transactions to analyzing the data they generate.

contracts and complicated transactions with real-world impact that execute automatically, costlessly, and without the oversight or blessing of any central authority. Some felt

Users and makers realized that prosthetics need not replicate the human hand. One father, wanting his son to

Soaring Inequality

everyone’s preferences, and feed all this data into a “single mind”—a giant economic optimization algorithm that would run continuously to “work out the implications”? Because, Hayek explained, that algorithm would never get all the data it actually needed; it could never “secure the best use of resources known to any of the members of society, for

Wealthfront is a wealth management company that has not only turned away from using human judgment when