Innovation Revolutions

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We are living at the beginning of the sixth Innovation revolution.

Learn how the five preceding technological revolutions created jobs, but why many experts believe that "this time it's different."

First: The Industrial Revolution - 1771

New technologies / redefined industries

  • Mechanized the cotton industry

  • Wrought iron

  • Machinery

New / redefined infrastructures

  • Canals and waterways

  • turnpike roads

  • Water Power

Watch the Video Documentary: The Industrial Revolution

Second: The Age of Steam and Railways - 1829

New technologies / redefined industries

  • Steam engines and machinery

  • Iron and coal mining

  • Railway construction

  • Steam power

New / redefined infrastructures

  • Railways

  • Telegraph

  • Great Ports / worldwide shipping

  • City Gas

Watch the Video Documentary: The Age of Railways

Third: The Age of Steel, Electricity and Heavy Engineering - 1875

New technologies / redefined industries

  • Cheap Steel

  • Heavy chemistry and civil engineering

  • Electrical equipment industry

  • Copper and cables

  • Canned and bottled food

  • Paper and packaging

New / redefined infrastructures

  • Worldwide shipping and rapid steel steamships

  • Worldwide railways

  • Great bridges and tunnels

  • Worldwide telegraph

  • Telephone

  • Electrical networks

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Fourth: The Age of Oil, the Automobile and Mass Production - 1908

New technologies / redefined

  • Massed produced automobiles

  • Cheap oil fuels

  • Petrochemicals (synthetics)

  • Internal combustion engine

  • Home electrical appliances

  • Refrigerated and frozen food

New / redefined infrastructures

  • Networks of roads, highways, ports and airports

  • Networks of oil pipelines

  • University electricity

  • Worldwide analog telecommunications

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Fifth: The Age of Information and Telecommunications- 1971

New technologies / redefined industries

  • Cheap microelectronics

  • Computers & software

  • Telecommunications

  • Control Instruments

  • Computer-aided biotechnology

New / redefined infrastructures

  • World digital telecommunications (cable, fiber optics, satellite

  • Internet / World Wide Web

  • Smart-grid electrical networks

  • High-speed physical transport links

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Sixth: The Age of Robotics and Intelligent Machines - 2014

  • More to come .....

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Books: A colorful and accessible picture of dynamic forces that are shaping our lives, our work, and our economies

The Second Machine Age will alter how we think about issues of technological, societal, and economic progress.

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“Technology is overturning the world’s economies, and The Second Machine Age is the best explanation of this revolution yet written.”

Amazon

How the financial system should work in the Internet era

Bitcoin offers a sweeping vista of opportunity to re-imagine how the financial system can and should work in the Internet era, and a catalyst to reshape that system in ways that are more powerful for individuals and businesses alike.

A mysterious new technology emerges, seemingly out of nowhere, but actually the result of two decades of intense research and development by nearly anonymous researchers.

MARC ANDREESSEN | DealBook NYTimes

Keith Bedford | Reuters

Technophobia distracts people from real economic problems

We might not have expected much resistance to the disease in earlier times, before evidence accumulated that the fears it inspired were irrational.

To judge from the symptomatic hand-wringing the epidemic is spreading, we are on the verge of mass unemployment as work becomes increasingly automated.

Parts of the nation’s commentariat have been seized with a nasty bout of technophobia.

Scott Winship | Brookings

The Second Machine Age: Fewer People ... More Technology

Our generation will have more power to improve (or destroy) the world than any before, relying on fewer people and more technology.

Something very, very big happened over the last decade. It is being felt in every job, factory and school. We are at the start of the Second Machine Age.

Thomas L. Friedman | The New York Times

Amazon.com

"most debated nonfiction book ... this year." - David Brooks

A steady, secure life somewhere in the middle—average—is over.

Widely acclaimed as one of the world’s most influential economists, Tyler Cowen:

High earners are taking ever more advantage of machine intelligence. This fact is forever changing the world of work and wages.

History suggests an Optimistic Possibility

Thanks to technology, the average wage in the United States today is over 10 times what it was 200 years ago, after adjusting for changes in the cost of living

Wages for ordinary workers in textile mills were stagnant for the first few decades of the Industrial Revolution. But as the technology matured, wages rose more quickly.

JAMES BESSEN | The Washington Post

H.C. Williams)

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This will turn the digital world on its head

The first commercial version of the new kind of computer chip is scheduled to be released in 2014. It is based on the biological nervous system, specifically on how neurons react to stimuli and connect with other neurons to interpret information.

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Share Innovation ... Creativity ... Ideas

Computers have entered the age when they are able to learn from their own mistakes, a development that is about to turn the digital world on its head.

JOHN MARKOFF | NYTimes

Erin Lubin/The New York Times

Internet.org

Mark Zuckerberg | Internet.org

The Future of the World Economy is a Knowledge Economy

Watch the Video as Mark Zuckerberg explains what Facebook and their partners are doing to make Internet access available to the two thirds of the world not yet connected.

Watch the Video

Robots for Consumers

flickr: JD Hancock

Kevin Smith | Business Insider

The question posed: "What emerging technology today do you think will cause another big stir for the average consumer in the same way that the home computer did years ago?: Gates answered: "Robots, pervasive screens, speech interaction will all change the way we ...

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It's More than Moore's Law

What allowed robots to go from blind, dumb, immobile automatons to fully autonomous entities able to operate in unstructured environments like the streets of a city....

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The Post Singularity Economy

Haomiao Huang | ARS Technica

Suddenly, the robotic future doesn't look so far off.

Photo by SearchAll

Lobke Peers | Shutterstock

Tia Ghose | LiveScience

It's been the fodder for countless dystopian movies: a singularity in which artificial intelligence rivals human smarts.

From mass extinction to life extension, here are seven potential implications of super-smart robots.

Reason 5: Economy On Fire: Whereas the economy doubled every thousand years after the agricultural revolution, and every 15 years after the industrial revolution, a post-singularity economy could double every month... that blistering pace of economic growth could be so fast that humans couldn't ...

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