Reflections on Galbraith’s New Industrial State, 50 years later

[This Post initially appeared in HBR Online on August 22, 2017] This summer marks 50 years since the publication of John Kenneth Galbraith’s The New Industrial State and its quick rise to the top of the New York Times Best Seller list. The book was one of the rare instances where an economist was able to capture public imagination and …

The Value of Free in GDP

Did the rise of free information technology improve GDP? It is commonly assumed that it did. After all, the Internet has changed the way we work, play, and shop. Smartphones and free apps are ubiquitous. Many forms of advertising moved online quite a while ago and support gazillions of “free” services. Free apps changed leisure long ago—just ask any teenager or any parent …

Wikipedia and Political Discourse: The New Hope?

Rob Gebelhoff of the Washington Post wrote an awesome piece about the latest Wikipedia research to come from Feng Zhu, Yuan (Grace) Gu, and yours truly. The piece by Gebelhoff is called "Science Shows Wikipedia is the Best Part of the Internet." It refers to our research, Ideological Segregation Among Online Collaborators: Evidence from Wikipedia. A …

Lepore's missing cites

Emma Jacobs has a nice review of The Disruption Dilemma in the Financial Times. It is always pleasing to read that "[t]his is an interesting and well-written, pithy book dealing with one of the buzziest concepts in business." However, right at the end, she took issue with one thing: However, it is strange that Gans …