The Coming Prosperity: How Entrepreneurs Are Transforming the Global Economy

“I do not think that unemployment is among those evils which, like poverty, capitalist evolution could ever eliminate of itself.”

It measures everything in short, except that which makes life worthwhile. And it can tell us everything about America except why we are proud that we are Americans.

Production recipes are the how of economic life—the repeatable steps that allow individuals or, far more often, groups of people, to turn raw materials into useful products. Most production recipes, like most culinary recipes, are unwritten. Most managers, like most cooks, are not hugely inventive. The creation of new forms of economic activity, li

For individuals, companies, and nations alike, it’s time to be what matters.

When it comes to technologies that have made it all the way to the village level on a truly global scale, the previous success was the radio. And before that? Fire.

Unlike those in my generation whose first step after college was, more often than not, onto a corporate conveyor belt, the students I see today are no more likely to be enthralled by the promise of a corner office than they are by a ride to the love-in on the Magic Bus.

I know that the past is full of financial panics, each of them in some way or another reminiscent of the one we recently experienced. But I bring up this one in particular because of another event that occurred in 1869: the completion of the first transcontinental railroad in the United States. I bet you do remember learning about that. Why? Becaus

“Baby Boomers are more idealistic, loyal to their companies. Gen X are more pragmatic, loyal to their career. Gen Y are more spontaneous, loyal to

(iii) Previously closed networks of production and knowledge are now open and accessible to creative and determined people everywhere. (iv) Open networks of production and communication are, in turn, enabling globally distributed collaboration and innovation on a massive, unprecedented scale.