Joseph E. Stiglitz argues that the impact of technological change on living standards has become increasingly unclear | Non-Equilibrium Social Science |
Around the world, there is enormous enthusiasm for the type of technological innovation symbolized by Silicon Valley, with many attempting to replicate the ingenuity that they regard as America’s true comparative advantage. But there is a puzzle: it is difficult to detect the benefits of this innovation in GDP statistics.

Via Willy De Backer