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Just recently, FT Alphaville has carried some excellent essays by our old friend Izzy Kaminska. (Back in the old days, she used to link to us … *sighs*). Here’s one for the weekend: after starting out on cybercrime she gets to the vexed issue of whether IT actually drives productivity, or just redistributes wealth around the place. It (or even IT) may be all about the metrics: how is ‘productivity’ measured (and valued)? That question can be posed two different ways.
- If we understand (and value) productivity in the usual economic ways, then in the light of that value-paradigm & its metrics – what’s the answer on productivity?
- Or, flipping that on its head, does it (IT) point us to valuing things in different ways to how the economists traditionally do?
“The technologists instead claimed the economists were too set in their ways to recognise the real truth: the world was experiencing the dawn of a ‘new economy’ in which ideas were becoming more highly valued than material resources.”
Well: maybe, on a good day … but then again, I am sure we have all seen examples of IT projects chewing up productivity however defined, along with material resources, ‘ideas’, reputations, careers, sleep … and on a grand scale, too. Anyhow, read on!
ND