Alex Pentland and Alexander Lipton, "Building the New Economy: Data As Capital" (MIT Press, 2021)
New Books in Economics
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Data Is a New Phenomenon
In the 19 eighties, people began putting in computer systems for centralized management. And they made it cheaper to manage things from the centr than have local institutions. So as a consequence, all the big central institutions got much more powerful and the neighborhood institutions began to disappear. The city doesn't want you to know about how the services are in your neighbourhood because that would cause political unrest - so we are kept p very, very ignorant of this. We now see distributed systems being deployed for real that are just as good, and, in fact, cheaper than the centralized systems. An example is the way gogle up dates phones and does a on your phones for understanding yor predicting typing or
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