The Economist reviews Prof. Erik Brynjolfsson and Principal Research Scientist Andrew McAfee’s latest book, which examines how new digital technologies will impact businesses. Brynjolfsson and McAfee, “believe that the latest phase of computers and the internet have created three shifts in how work happens.”
Forbes reporter Kevin Murnane writes about how MIT researchers have used a computer vision system to examine how several American cities physically improved or deteriorated over time. Murnane writes that the study “provides important support for nuanced versions of traditional theories about why urban neighborhoods change over time.”
Washington Post reporter Robert Samuelson highlights a study co-authored by Prof. David Autor that finds that new technologies can lead to productivity increases that often generate more jobs. Autor and his colleagues found that “every 10 percent gain in productivity resulted in a 2 percent gain in employment spread over four years.”
Prof. Ben Olken speaks with BBC News reporter Gareth Mitchell about how the cancellation of high-occupancy vehicle (HOV) lanes impacted traffic in Jakarta, Indonesia. Olken and his colleagues found that in addition to traffic substantially increasing in areas that previously had HOV lanes, without the carpool lanes, “traffic gets worse all over the city.”
UPI reporter Amy Wallace writes that MIT researchers have applied a computer vision system to help quantify the physical improvement of American neighborhoods. The researchers found that “density of highly educated residents, proximity to central business districts and other attractive areas, and the initial safety score assigned by the computer system are strongly related to improvements.”
The Washington Post Editorial Board highlights a paper co-authored by Prof. David Autor examining how technological advancements are impacting the labor market. Autor found that productivity growth associated with new technologies results in higher overall employment, but that job growth has been highly polarized. The study shows the need for societies to, “redouble their efforts to provide education and training.”
A study by MIT researchers shows that carpool lanes can help reduce a city’s traffic, reports Matt McFarland for CNN. The researchers found that the removal of HOV lanes increased driving times across Jakarta, Indonesia. "The magnitude was enormous and more than I would've expected," says Prof. Ben Olken.
Boston Globe reporter Jeremy Fox writes about a new study by MIT researchers examining whether math games can be beneficial in helping children learn. The researchers found that, “children who played math games consistently showed a better grasp of the concepts…but that understanding did not appear to help in elementary school.”
Los Angeles Times reporter Karen Kaplan writes that a new study by MIT researchers provides evidence that high-occupancy vehicle lanes can reduce traffic. The researchers found that when a carpool policy in Jakarta, Indonesia was canceled, there was a “46% increase in commuting time in the morning and an 87% increase in the evening.”
Randall Stross of The Wall Street Journal examines the latest book by Prof. Erik Brynjolfsson and Principal Research Scientist Andrew McAfee, which explores technologies shaping the future of business. Stross writes that the, “authors present a splendid tutorial on things that are too new for most civilians to have gained a good understanding of—cryptocurrencies like Bitcoin, distributed ledgers, and smart contracts.”
Times Higher Education reporter Nicola Ingram examines Prof. Peter Temin’s latest book, which examines the state of the U.S. economic system. Temin, “provides an engaging commentary on the complexities of policy developments and their impact on workers’ conditions, as well as the problematic voting behaviour that seals their fate.”
In an article for Bloomberg, Peter Coy examines Prof. Erik Brynjolfsson and Principal Research Scientist Andrew McAfee’s latest book, which examines how smart machines might be integrated into the businesses of the future. Coy explains that the book is written for, “executives and entrepreneurs trying to make their way in this brave new world of driverless cars and hackathons.”
Prof. Erik Brynjolfsson and Principal Research Scientist Andrew McAfee speak with Tom Ashbrook of On Point about their new book, “Machine, Platform, Crowd.” Speaking about how much decision-making machines could be handling in the future, Brynjolfsson explains that “instead of having us humans try to tell the machines exactly what needs to be done, machines are learning on their own.”
Tom Buerkle of Reuters writes about “Adaptive Markets: Financial Evolution at the Speed of Thought,” a new book written by Prof. Andrew Lo, which argues that it is possible for investors to beat the market. Markets seem unpredictable because traders are human and “make decisions using short cuts” rather than weighing all options, explains Buerkle.
In a wide-ranging interview recorded for Bloomberg’s “Masters in Business” podcast, Prof. Daron Acemoglu speaks with Bloomberg View columnist Barry Ritholtz about a wide range of topics including his doctoral thesis, economic institutions and income inequality.