The unbearable lightness of Twitter

November 18, 2013

James Surowiecki argues that GDP undervalues things like Wikipedia, Twitter, Google Maps, and so on:

Erik Brynjolfsson points out that, according to government statistics, the “information sector” of the economy—which includes publishing, software, data services, and telecom—has barely grown since the late eighties, even though we’ve seen an explosion in the amount of information and data that individuals and businesses consume. “That just feels totally wrong.”

Good read — and short (one page in the New Yorker).

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