6min chapter

Odd Lots cover image

Paul Krugman on UFOs, AI and Room Temperature Superconductors

Odd Lots

CHAPTER

The Transformative Economic Effects of the Internet

If you're looking for the transformative economic effects of the internet, they are pretty elusive in the data. As it's taken even more to be an example, the smartphones, the iPhone is introduced, I think, in 2006. It's been a long productivity drought. Who would have thought that shipping containers would matter as much as they have turned out to for the global economy? So it's really hard to have predicted either that the innovation would happen or that it would matter a lot.

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