this video is called “The Key to Growth, Race with the Machines” and I thought this was interesting. He first talks about General Purpose technologies, like the steam engine back in the 1800s, electricity in the 1900s, and now the computer. But technology isnt enough. We are still needed here to reinvent our systems as new technologies develop to continue having our growth. He then talks about the New Machine Age. As we develop new technologies, productivity is increasing at an ever increasing rate. We are also getting more stuff for free, like information. We can easily access wikipedia, search in Google, or see what our friend’s are up to in twitter. And this is not the end of growth. With machines, we can boost up and continue to grow economically. This is why MIS is really important to our world today. In my Economics class, we also discussed the “Very Long run”, where increasing technology brings down long run costs. So we can continue to grow if we make machines our teammates.

Source: https://www.youtube.com/watch?v=sod-eJBf9Y0