From the article:
But
the fact that so many were so impressed by an assertion that an iPhone
possesses the capabilities of $3,000 worth of 1991 electronics products
– when the actual figure exceeds $3 million – reveals how fundamentally difficult it is to think in exponential terms.
Innovation blindness, I’ve long argued, is a key obstacle to sound economic and policy thinking. And this is a perfect example. When we make policy based on today’s technology, we don’t just operate mildly sub-optimally. No, we often close off entire pathways to amazing innovation.
- See more at: http://www.techpolicydaily.com/communications/much-iphone-cost-1991/#sthash.feq3pHN8.dpuf
Innovation blindness, I’ve long argued, is a key obstacle to sound economic and policy thinking. And this is a perfect example. When we make policy based on today’s technology, we don’t just operate mildly sub-optimally. No, we often close off entire pathways to amazing innovation.
- See more at: http://www.techpolicydaily.com/communications/much-iphone-cost-1991/#sthash.feq3pHN8.dpuf
But
the fact that so many were so impressed by an assertion that an iPhone
possesses the capabilities of $3,000 worth of 1991 electronics products
– when the actual figure exceeds $3 million – reveals how fundamentally difficult it is to think in exponential terms.
Innovation blindness, I’ve long argued, is a key obstacle to sound economic and policy thinking. And this is a perfect example. When we make policy based on today’s technology, we don’t just operate mildly sub-optimally. No, we often close off entire pathways to amazing innovation.
- See more at: http://www.techpolicydaily.com/communications/much-iphone-cost-1991/#sthash.feq3pHN8.dpuf
Innovation blindness, I’ve long argued, is a key obstacle to sound economic and policy thinking. And this is a perfect example. When we make policy based on today’s technology, we don’t just operate mildly sub-optimally. No, we often close off entire pathways to amazing innovation.
- See more at: http://www.techpolicydaily.com/communications/much-iphone-cost-1991/#sthash.feq3pHN8.dpuf
But the fact that so many were so
impressed by an assertion that an iPhone possesses the capabilities of $3,000
worth of 1991 electronics products – when the actual figure exceeds
$3 million – reveals how fundamentally difficult it is to think in
exponential terms.
Innovation blindness, I’ve
long argued, is a key obstacle to sound economic and
policy thinking. And this is a perfect example. When we make policy based on
today’s technology, we don’t just operate mildly sub-optimally. No, we often
close off entire pathways to amazing innovation.
Source: Bret
Swanson, “How Much
Would an iPhone Have Cost in 1991?” techpolicydaily.com, February 3, 2014
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