Before information age, living standards basically were flat. Since then, they've been growing 2 percent a year were … - Erik Brynjolfsson

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Prudence is the virtue of the senses. It is the science of appearances. It is the outmost action of the inward life.

Erik Brynjolfsson

Before information age, living standards basically were flat. Since then, they've been growing 2 percent a year were about 30 times richer. So technology, machines is really, you know, arguably the most important thing that's happened to humanity in terms of our living standards. You could look to the introduction of digital computers in the 1950s.

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Computers get better faster than anything else ever. A child's PlayStation today is more powerful than a military supercomputer from 1996.

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We're rapidly entering a world where everything can be monitored and measured. But the big problem is going to be the ability of humans to use, analyze and make sense of the data.

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Now comes the second machine age. Computers and other digital advances are doing for mental power-the ability to use our brains to understand and shape our environments-what the steam engine and its descendants did for muscle power.

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Going a little further into the future, we'll start literally connecting to machines. Some of my colleagues at MIT here - some of them are working on a neural mesh that connects directly to your brain, and they've already done it with some disabled people and allowed them to move objects just by thinking.

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What can we do to create shared prosperity? The answer is not to try to slow down technology. Instead of racing against the machine, we need to learn to race with the machine.

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