Why economists are wrong about tech

Michael Baxter is co-author of iDisrupted, a new book on disruptive technology. The problem with the economy is economists. The problem with economists is technology Pick up an economics book; any one will do, a heavy or easy read, and move to the index. See if you can find the words ‘Moore’s’ and ‘Law’. The book will be full of elegant theories, but when it comes to what really drives the economy – makes us rich or poor – it is sadly lacking. Technology, or the ability to invent it, is what separates modern-day Homo sapiens living in a plush…



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