"Economics of technology" That's a solid discussion theme worth a deeper look. Thanks for giving out these insights @taskmaster4450.
The central point of this conversation is that the pace of technological innovation - whether you’re looking at cryptocurrencies and blockchain or consumer electronics like smartphones, etc. - is happening so rapidly that it is creating entirely new economic impacts that can’t be measured by old standards & metrics.
From the above, technology is much more than hardware. There is a great need for economists to roll out new metrics to measure tech development in recent times.
My key take away in the podcast is that information is crucial in boosting the economies through technology. The ability of the tech developers to package information about their development or innovation is crucial in adding or taking away economic value to the organisation concerned.
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