greatly favors a small group of successful individuals by amplifying their talent and luck. Brynjolfsson argues that these people are benefiting from a winner-take-all effect originally described by Sherwin Rosen in a 1981 paper owl research paper apa called The Economics of Superstars.
Since the 1950s, economics has been dominated by the ideanotably formulated by Simon Kuznets, a Harvard economist and Nobel laureatethat inequality diminishes as countries become more technologically developed and more people are able to take advantage of the resulting opportunities. But everyone needs access to these types of schools. More recent decades have seen an additional twist. For much of the population, incomes have stagnated or even shrunk, and technology is one of the leading culprits. The ability to copy software and distribute digital products anywhere means customers will buy the top one.
Silicon Valley is a look at the future were creating, and its really disturbing. The most obvious policy recommendations point to education, including, as social scientists are increasingly learning, pre-kindergarten and other early education programs. Solow, a Nobel laureate who is one of the most influential economists of the last half-century, published a landmark paper in 1956 that transformed the way the profession views the critical role of technological progress in productivity and the growth of national wealth.
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