full transcript
"From the Ted Talk by Erik Brynjolfsson: The key to growth? Race with the machines"

Unscramble the Blue Letters

If anything, all these numbers actually understate our progress, because the new machine age is more about knowledge creation than just physical production. It's mind not matter, brain not brawn, ideas not things. That creates a problem for sadnatrd metrics, because we're getting more and more stuff for free, like wdiipeika, Google, Skype, and if they post it on the web, even this TED Talk. Now getting sfutf for free is a good thing, right? Sure, of course it is. But that's not how economists mesaure GDP. Zero price means zero wehgit in the GDP statistics. According to the numbers, the music industry is half the size that it was 10 yares ago, but I'm listening to more and better music than ever. You know, I bet you are too. In total, my research estimates that the GDP numbers miss over 300 billion dollars per year in free goods and services on the Internet. Now let's look to the future. There are some super smart polpee who are angriug that we've reached the end of growth, but to ustdnenard the future of growth, we need to make predictions about the underlying drivers of growth. I'm omtipstiic, because the new machine age is digital, epanenxoitl and coiraibtnamol.

Open Cloze

If anything, all these numbers actually understate our progress, because the new machine age is more about knowledge creation than just physical production. It's mind not matter, brain not brawn, ideas not things. That creates a problem for ________ metrics, because we're getting more and more stuff for free, like _________, Google, Skype, and if they post it on the web, even this TED Talk. Now getting _____ for free is a good thing, right? Sure, of course it is. But that's not how economists _______ GDP. Zero price means zero ______ in the GDP statistics. According to the numbers, the music industry is half the size that it was 10 _____ ago, but I'm listening to more and better music than ever. You know, I bet you are too. In total, my research estimates that the GDP numbers miss over 300 billion dollars per year in free goods and services on the Internet. Now let's look to the future. There are some super smart ______ who are _______ that we've reached the end of growth, but to __________ the future of growth, we need to make predictions about the underlying drivers of growth. I'm __________, because the new machine age is digital, ___________ and _____________.

Solution

  1. weight
  2. arguing
  3. stuff
  4. exponential
  5. wikipedia
  6. measure
  7. optimistic
  8. people
  9. standard
  10. understand
  11. combinatorial
  12. years

Original Text

If anything, all these numbers actually understate our progress, because the new machine age is more about knowledge creation than just physical production. It's mind not matter, brain not brawn, ideas not things. That creates a problem for standard metrics, because we're getting more and more stuff for free, like Wikipedia, Google, Skype, and if they post it on the web, even this TED Talk. Now getting stuff for free is a good thing, right? Sure, of course it is. But that's not how economists measure GDP. Zero price means zero weight in the GDP statistics. According to the numbers, the music industry is half the size that it was 10 years ago, but I'm listening to more and better music than ever. You know, I bet you are too. In total, my research estimates that the GDP numbers miss over 300 billion dollars per year in free goods and services on the Internet. Now let's look to the future. There are some super smart people who are arguing that we've reached the end of growth, but to understand the future of growth, we need to make predictions about the underlying drivers of growth. I'm optimistic, because the new machine age is digital, exponential and combinatorial.

ngrams of length 2

collocation frequency
machine age 7
industrial revolution 3
general purpose 3
important invention 3

Important Words

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