The Price of Progress
Amar Bhide discusses the impact of reduced transistor prices on personal computer consumers. He highlights the risks consumers take when purchasing new technology without knowing its economic value, emphasizing the leaps in the dark that Americans have taken. The uncertainty of whether a new gadget will be useful or enjoyable is also explored.In this clip
From this podcast
EconTalk
Amar Bhide on Outsourcing, Uncertainty, and the Venturesome Economy
Related Questions
Is it true that when the cost of trying new technologies goes to zero, deciding what to build becomes the bottleneck, and that knowing which model output is merely plausible and which is actually good is not a commodity skill, making taste in technology a defining advantage?
How have computing devices evolved?