Understanding the Digital Economy Quotes

“Toffler (1980) coined the term "the Third Wave economy" to refer to an economy based on information, reflecting what he sees as the central event of the past century-the death of matter. He and his colleagues posit the inevitability of a Third Wave economy, arguing that Internet connections are nothing less than the first step in the creation of a new civilization.”
― Erik Brynjolfsson, Understanding the Digital Economy: Data, Tools, and Research

“we argue that-for organizations-it would be more appropriate and more meaningful to look for returns on the use of information technology rather than only for returns on investments in information technology.”
― Erik Brynjolfsson, Understanding the Digital Economy: Data, Tools, and Research

“The history of such predictions should have taught us that we cannot predict, with any accuracy, the social, economic, and technological changes and consequences likely to accompany unprecedented shifts in ways of working and living. We should not expect that today's pundits and technology advocates will be more prescient than their predecessors.”
― Erik Brynjolfsson, Understanding the Digital Economy: Data, Tools, and Research