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You can see the computer age everywhere but in the productivity statistics (Robert Solow)

In 1987, Nobel Prize-winning American economist Robert Solow famously said: “ You can see the computer age everywhere, except in productivity statistics. This observation, known as “ Solow's paradox ”, highlighted the discrepancy between the explosion of investment in information technology and the absence of significant productivity gains in the economic data of the time. But what did he mean, and is his remark still valid in the age of AI? An implicit critique of technological promises For Solow, the mass adoption of new technologies was not synonymous with an immediate improvement in productivity. IT was starting...

You can see the computer age everywhere but in the productivity statistics (Robert Solow)

In 1987, Nobel Prize-winning American economist Robert Solow famously said: “ You can see the computer age everywhere, except in productivity statistics. This observation, known as...

Productivity: what if quality was the new quantity?

The notion of productivity has its roots in the Industrial Revolution, a time when increased yields thanks to mechanization transformed the way goods were...