Why Data Is Like Fire

Dr. Chen Long, Director of the Luohan Academy, explains why the digital revolution is so different from the industrial revolution

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From the collection: Learn Economics at Home


From the collection Learn Economics at Home

Some people say data is like oil, but Dr. Chen Long of the Luohan Academy says it’s more like fire: it can be copied and spread ad infinitum. Unlike the industrial revolution, the digital age has the potential for previously unimaginable increases in productivity.

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