Jeremy Rifkin
Aggregate efficiency is the ratio of potential work to the actual useful work that gets embedded into a product or service. The higher the aggregate efficiency of a good or service, the less waste is produced in every single conversion in its journey across the value chain.
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Traditional economics says you increase productivity by investing more capital in better machines and by providing better-performing workers, all … [ Read more ]
Content: Quotation | Author: Jeremy Rifkin | Source: strategy+business | Subject: Economics
Jeremy Rifkin
Let’s step back for a moment and consider how the great economic transformations in history occur. There have been a number of them in world history, and they all have a common denominator. At a single historic moment, the same three defining technologies emerge and converge to create a new general-purpose technology infrastructure. They fundamentally change the way society manages, powers, and moves economic activity. … [ Read more ]
Content: Quotation | Author: Jeremy Rifkin | Source: strategy+business | Subject: Economics
Jeremy Rifkin on How to Manage a Future of Abundance
The influential economic theorist looks ahead to a world of virtually free energy and zero marginal cost production, and to a desperate race against climate change.
Content: Thought Leader | Authors: Art Kleiner, Jeremy Rifkin, Juliette Powell | Source: strategy+business | Subjects: Economics, Trends / Analysis