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 prsegors, because the new machine age is more about knowledge creation than just physical prcotoidun. 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 wikdieipa, 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 eoimoctsns measure GDP. Zero price means zero weight in the GDP statistics. According to the numbers, the muisc industry is half the size that it was 10 years ago, but I'm lentinsig to more and better music than ever. You know, I bet you are too. In ttaol, my research estimates that the GDP nmrebus 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 sramt ppolee who are arguing that we've reached the end of growth, but to understand the fruute of growth, we need to make predictions about the underlying drivers of grwtoh. I'm optimistic, because the new machine age is digital, exponential and combinatorial.

Open Cloze

If anything, all these numbers actually understate our ________, because the new machine age is more about knowledge creation than just physical __________. 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 _________, 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 __________ measure GDP. Zero price means zero weight in the GDP statistics. According to the numbers, the _____ industry is half the size that it was 10 years ago, but I'm _________ to more and better music than ever. You know, I bet you are too. In _____, my research estimates that the GDP _______ 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 _____ ______ who are arguing that we've reached the end of growth, but to understand the ______ of growth, we need to make predictions about the underlying drivers of ______. I'm optimistic, because the new machine age is digital, exponential and combinatorial.

Solution

  1. listening
  2. growth
  3. people
  4. economists
  5. numbers
  6. progress
  7. total
  8. smart
  9. production
  10. wikipedia
  11. future
  12. music

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

  1. age
  2. arguing
  3. bet
  4. billion
  5. brain
  6. brawn
  7. combinatorial
  8. creates
  9. creation
  10. digital
  11. dollars
  12. drivers
  13. economists
  14. estimates
  15. exponential
  16. free
  17. future
  18. gdp
  19. good
  20. goods
  21. google
  22. growth
  23. ideas
  24. industry
  25. internet
  26. knowledge
  27. listening
  28. machine
  29. matter
  30. means
  31. measure
  32. metrics
  33. mind
  34. music
  35. numbers
  36. optimistic
  37. people
  38. physical
  39. post
  40. predictions
  41. price
  42. problem
  43. production
  44. progress
  45. reached
  46. research
  47. services
  48. size
  49. skype
  50. smart
  51. standard
  52. statistics
  53. stuff
  54. super
  55. talk
  56. ted
  57. total
  58. underlying
  59. understand
  60. understate
  61. web
  62. weight
  63. wikipedia
  64. year
  65. years