Digital world and digital economy
December 25, 2011
Digitization will be the next big thing for the rest of the century.
“Digitization is creating a second economy that is vast, automatic and invisible- there by bringing the biggest change since industrial revolution.” – Brian Arthur (Digital Wave : The Second Economy/W.Brian Arthur.-Indian Management 50(1), November 2011. 80-87. Other books by the same author : Increasing returns and path Dependence in the Economy , University of Michigan Press, 1994 ; The Nature of technology what it is and how it evolves (Free Press, August 2009)
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