Economic trajectories into the future

The Digital Revolution started only about 40 years ago. While much of it is still in the future, some of the challenges and opportunities ahead are already clearly visible. In essence, there are two major forces at work: One is the breakthrough of information as the next dominant economic fuel, the other is the diversity of economic realities around the globe. Today, I’ll take a deeper look at this diversity and how it might evolve in the future.

What drives an economy in the very long run?

Just a few weeks ago, the Royal Swedish Academy of Sciences announced the decision to award this year’s Nobel Prize in Economics to Paul Romer for integrating technological change into macroeconomic analysis. That’s a good reason for thinking through the long-term history of innovative activity, for investigating how technological change itself changed over time, and what the future might hold for us.

At the intersection

When I started this blog, I wanted to investigate how innovation works at the intersection of society, business, and technology. More than four years later, after 132 post and over 130,000 words, it’s time to think about depicting this intersection, or at least giving a visual impression of what it’s like.

On the impact of technology on creative thinking

Innovation breads new technologies. But what about the opposite interaction: Does technology have an impact on innovation? Does the Digital Revolution affect our innovation skills, our inventiveness, our creative thinking? Triggered by the recent debate on negative impacts of social media, I’ll try to scratch the surface today in order to frame a few questions for further discussion in 2018. 

Rethinking value

Our values shape our views of life, of good and bad, of right and wrong. We hold our values dear as guiding stars that give us fundamental orientation. They are the long-standing core of our cultures, traditions, and beliefs. And over time, we have constructed our social, economic and legal institutions on the foundation of shared values.
However, our values have changed drastically in the historic past. And I’ll argue that they will morph again in the near future as the Digital Revolution is in full swing.