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.

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.

Disrupting economics

How we will work in the future? And how much? These questions do not only address the work of the future; more importantly, they imply an underlying fundamental question: What is the future of work? Conventional wisdom would reply that we'll all work differently than today, and a probably little less; but overall everybody will … Continue reading Disrupting economics