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Race Against The Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy [Kindle Edition]

Erik Brynjolfsson , Andrew McAfee
4.2 out of 5 stars  See all reviews (234 customer reviews)

Print List Price: $12.99
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Book Description

Why has median income stopped rising in the US?
Why is the share of population that is working falling so rapidly?
Why are our economy and society are becoming more unequal?

A growing chorus is arguing that the root cause underlying these symptoms is stagnation in technology -- a slowdown in the kinds of ideas and inventions that bring progress and prosperity.

In Race Against the Machine, MIT’s Erik Brynjolfsson and Andrew McAfee present a very different explanation. Drawing on research by their team at the Center for Digital Business, they show that there’s been no stagnation in technology -- in particular, the digital revolution is accelerating. Recent advances, are the stuff of science fiction. Computers now drive cars in traffic, translate between human languages effectively, and beat the best human Jeopardy! players.

As these examples show, digital technologies are rapidly encroaching on skills that used to belong to humans alone. This phenomenon is both broad and deep, and has profound economic implications. Many of these implications are positive; digital innovation increases productivity, reduces prices (sometimes to zero), and grows the overall economic pie.

But digital innovation has also changed how the economic pie is distributed, and here the news is not good for the median worker. As technology races ahead, it can leave many people behind. Workers whose skills have been mastered by computers have less to offer the job market, and see their wages and prospects shrink. Entrepreneurial business models, new organizational structures and different institutions are needed.

In Race Against the Machine Brynjolfsson and McAfee bring together a range of statistics, examples, and arguments to show that the average worker is not keeping up with cutting-edge technologies, and so is losing the race against the machine. The book makes the case that employment prospects are grim for many today not because there’s been technology has stagnated, but instead because we humans and our organizations aren’t keeping up.

Editorial Reviews


"We're entering unknown territory in the quest to reduce labor costs. The AI revolution is doing to white collar jobs what robotics did to blue collar jobs. Race Against the Machine is a bold effort to make sense of the future of work.  No one else is doing serious thinking about a force that will lead to a restructuring of the economy that is more profound and far-reaching than the transition from the agricultural to the industrial age. Brynjolfsson and McAfee have hit the ball out of the park on this one.  It's a book anyone concerned with either business, or more broadly, the future of our society, simply must read." - Tim O'Reilly

"This is, quite simply, the best book yet written on the interaction of digital technology, employment and organization.   Race Against the Machine is meticulously researched, sobering, practical and, ultimately, hopeful.  It is an extremely important contribution to the debate about how we ensure that every human being benefits from the digital revolution that is still gathering speed.   If you read only one book on technology in the next 12 months, it should be this one." -Gary Hamel

"In social science inquiry, we badly need the right people asking, and answering, the right questions.  That's precisely what Brynjolfsson and McAfee do in this important treatise on the intersection of technology and the economy.  Moreover, they're tackling the most important question of the present and the future: where are the new jobs going to come from?" - Jared Bernstein

"Race Against the Machine is a portrait of the digital world - a world where competition, labor and leadership are less important than collaboration, creativity and networks." - Nicholas Negroponte

About the Author

Erik Brynjolfsson is a professor at the MIT Sloan School of Management, Director of the MIT Center for Digital Business, Chairman of the Sloan Management Review, a research associate at the National Bureau of Economic Research, and co-author of Wired for Innovation: How IT Is Reshaping the Economy. He graduated from Harvard University and MIT.

Andrew McAfee is a principal research scientist and associate director at the MIT Center for Digital Business at the Sloan School of Management. He is the author of Enterprise 2.0: New Collaborative Tools for Your Organization's Toughest Challenges. He graduated from MIT and Harvard University.

Product Details

  • File Size: 517 KB
  • Print Length: 98 pages
  • Publisher: Digital Frontier Press (October 17, 2011)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B005WTR4ZI
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Enabled
  • Amazon Best Sellers Rank: #28,273 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.2 out of 5 stars
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Most Helpful Customer Reviews
131 of 139 people found the following review helpful
5.0 out of 5 stars An important book. Everyone should read it. October 23, 2011
Format:Kindle Edition
In "Race Against the Machine", economists Erik Brynjolfsson and Andrew McAfee ask the question: Could technology be destroying jobs? They then expand on that to explore whether advancing information technology might be an important contributor to the current unemployment disaster. The authors argue very convincingly that the answer to both questions is YES.

The book is very readable and includes lots of links to supporting evidence (both statistical and anecdotal). The authors do a good job of focusing on how computer technology is accelerating exponentially and how computers are a "general purpose technology", in other words, a special technology that can affect just about anything else and have much bigger impact than more narrowly focused innovations.

I thought a really good example involved automated driving. In 2005, two other economists suggested that it would be "hard to imagine" computers ever being able to handle driving in traffic. Yet, just 6 years later, Google introduced automated cars that did exactly that. The point is that progress in information technology is very likely to exceed our expectations and surprise us in the coming years.

While the problems are laid out clearly, I think the solutions offered are pretty conventional. The authors' call for reforming and upgrading schools, for example, is something that just about everyone can agree on. However, even if we managed to do that (and we are not making much progress), those kids would not enter the workforce for many years, and who knows what technology will be capable of by then?

Our children will face an entirely new job market and economy. Everyone should really read both "Race Against the Machine and also another important book, "The Lights in the Tunnel".
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254 of 290 people found the following review helpful
3.0 out of 5 stars Now What? October 26, 2011
Format:Kindle Edition|Verified Purchase
Is the book clear? Yes.
Is the book concise? Yes.
Is the book engaging? Yes.
Is the book onto something? Yes.
Is the book well researched? Yes.
Is the book worth reading? Absolutely!

Why on earth did I rate it three stars then? Stick with me here. Because the book tantalizes with its subtitle that accelerating change is "Irreversibly Transforming Employment and the Economy" but just when the book gets going, Chapter Four falls flat and feels like an economic recipe for a by-gone era rather than a roadmap to the economy of "the digital frontier". As humanity moved from an agrarian society to the pre-industrial and then industrial era, modern economic models took hold that allowed diverse suppliers to rationalize their efforts in a common way and leverage that effort through a common currency. In short, barter gave way to the abstract concept of a general currency that could be exchanged for goods.

In that process, the machinery of "GDP" (consumption) and the corporation became all encompassing. With comparatively archaic tools (in comparison to the machines of 2011), human beings were the primary way of creating products for those same humans to then consume. As we began to enter the "information age" in the 80s, 90s and aughts, we created the early incarnations of "the digital frontier" in the model of the industrial era (i.e. we remade the factory). Two examples: Software titans copyrighted their work and big think tanks erected barriers to their information to maintain artificial scarcity that aids in keeping prices up and revenue flowing. This is regardless of the fact that information, once created, can be shared and distributed in an essentially frictionless way.
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52 of 56 people found the following review helpful
Format:Kindle Edition|Verified Purchase
Erik Brynjolfsson and Andrew McAfee have created a powerful, concise and informative discussion of the impact of technology on employment, income distribution and macro economics. Do not be fooled by the title, Race Against the Machine is not a neo luddite treatise on the evils of automation and technology. The title is more about generating buzz and attention than an accurate label for what is in this book -- nothing short of the best explanation of the economy we face in the future and the role of technology.

This book is highly recommended to anyone who wants to understand why we can have a recession, a jobless recovery and growing income distribution inequities all at the same time. This book does a tremendous job steering its explanation based on facts, insights from other economists and thought leaders.

Brynjolfsson and McAfee's basic argument is that we are just beginning to see the long term impact of technology on the economy. The authors highlight this using the analogy of Chinese story where the emperor agrees to pay a servant a grain of rice and then doubling that amount for each square on the chess board. That doubling is the foundation of technology's driving forces embodied in the laws of Moore, Metcalfe and others.

The authors believe that we are just getting to the back half of the chess board where a doubling of technology creates gigantic leaps in capability at an unprecedented pace. These leaps are beginning to displace human work as technologies like IBM's Watson and others demonstrate the ability to handle complex work.

The book is divided into five chapters;

Chapter 1. Technology's influence on the employment and the economy. The first chapter provides an overview of the book and its chapters.
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Most Recent Customer Reviews
5.0 out of 5 stars Five Stars
It's an excellent look at the impact of information technology on society
Published 24 days ago by ERNEST Mitchell
3.0 out of 5 stars Not to bad.
Not a bad book at all. I wasn't impressed with the possible solutions though. They seemed like more of the same. Read more
Published 1 month ago by Dustin Romans
5.0 out of 5 stars Excellent read!
This book not only covered the topic I expected, it greatly exceeded my expectations. It has sparked a new train of thought in a couple different areas for me. Read more
Published 1 month ago by Linda Sorrells-Smith
3.0 out of 5 stars Provokes interesting discussion but provides obvious 'solutions'
Race Against the Machine is a book that explores how the increasing power of technology is affecting employment and income in the US. Read more
Published 1 month ago by curtismchale
4.0 out of 5 stars Four Stars
I nice summery of where automation is heading now
Published 1 month ago by Customer 1468
4.0 out of 5 stars It provides interesting insights such that it should inform policy ...
It provides interesting insights such that it should inform policy discourse amongst those charged with sovereign policy setting responsibilities.
Published 1 month ago by Freeman Nomvalo
4.0 out of 5 stars Good discussion of impact of digital innovation
Perfect length to explore the themes of the book. Great start to a discussion on where we as a society are going and how computers and digital innovation are driving much of the... Read more
Published 3 months ago by Andrew L. Good
1.0 out of 5 stars Overpriced essay
The authors missed a great opportunity to write a book about an interesting topic that is on the minds of many people these days. Read more
Published 4 months ago by Kristjan Velbri
5.0 out of 5 stars Five Stars
Must read.
Published 4 months ago by Till Haenisch
5.0 out of 5 stars Great book, very very
I loved it, it was very very informative and awakening.
Published 4 months ago by Adam Smith
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