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He argued that the acceleration of technological progress had led to "the edge of change comparable to the rise of human life on Earth". This thesis has long struck a chord here in Silicon Valley.
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The rapid acceleration of technological progress, they say, has greatly widened the gap between economic winners and losers the income inequalities that many economists have worried about for decades.
Michael Spence, a professor at N.Y.U.'s Stern School of Business, and David Autor, an economist at M.I.T., have argued that this "hollowing out" process is a result of twin upheavals: globalization and the hyper-acceleration of technological progress.
In fact, much of the acceleration of technological advances is due to the wide sharing of code and best practices on the cloud and through digital communities.
The disruptive technologies model contrasts the pace of technological progress with customers' ability to use that progress.
Lessons from the literature on economics of technology broke the traditional vision of technological progress, known as a "linear model".
These new forms of automation have renewed the debate over the economic consequences of technological progress.
The inevitable march of technological progress was merely accelerated by the dominant social network.
The courts, then, have misjudged the nature of technological progress.
The march of technological progress moves in just one direction.
And what about the pace of technological progress?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com